Which subsection of the internal revenue code states, Taxation

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Which subsection of the internal revenue code states

Problem

Novak and Daughter Corp. is engaged in two businesses, one a retail chain and the other a steel manufacturing business. The Controller Mika would like to use a different accounting method for the retail chain and the steel manufacturing business. Which subsection of the Internal Revenue Code states whether this is an acceptable practice? Based on your research, can Mika change the accounting method for the retail chain business?

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Taxation: Which subsection of the internal revenue code states

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Taxation: Which subsection of the internal revenue code states

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