Question: Wk 3 - Apply: Application Assignment [due Day 7] Saved Help Save & Exit Submit 5 WFO Corporation has gross receipts according to the following

Wk 3 - Apply: Application Assignment [due Day 7]
Wk 3 - Apply: Application Assignment [due Day 7] Saved Help Save & Exit Submit 5 WFO Corporation has gross receipts according to the following schedule: Year 1 $22.60 million Year 2 $23.60 million Year 3 $25.60 million Year 4 $25. 10 million Year 5 $25.60 million Year 6 $27. 60 million If WFO began business as a cash-method corporation in Year 1, in which year would it have first been required to use the accrual method? Multiple Choice Year 3. O Year 4. O Year 5. O Year 6. O None of the choices are correct. Mc

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