Question: Progress: 1 8 / 2 5 items Question Content Area Which of the following entities cannot use the cash method for tax purposes in 2

Progress:18/25 items
Question Content Area
Which of the following entities cannot use the cash method for tax purposes in 2024?
a. A law firm operating as a personal service corporation with $5.4 million in average annual gross receipts
b. A small sole proprietorship with $150,000 in average annual gross receipts
c. A corporation with $32 million in average annual gross receipts and 200 employees
d. A large almond farm with $40 million in average annual gross receipts

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