Question: True or False Question Taxpayers that report average gross receipts of $ 2 7 million or less for the three - tax year period ending

True or False Question
Taxpayers that report average gross receipts of $27 million or less for the three-tax year period ending with the prior tax year must use the accrual method to account for inventory even if they are a cash method taxpayer.
True false question.
True
False

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