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Business · Accounting
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Which of the following represents the best choice for the new maximum annual average gross receipts threshold on filing with the accrual method of accounting for a C corporation?

A. Gross receipts of less than $5 million

B. Gross receipt of less than $ 10 million

C. Gross receipts of less than $ 20 million

D. Gross receipts of less than $ 25 million

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