Which of the following taxpayers is required to use the, Ask an Expert

Management Studies

Which of the following taxpayers is required to use the accrual method of accounting?
Select one:
a. A corporate retail business with average annual gross receipts of $10,500,000.
b. An accountant with average annual gross receipts of $450,000.
c. An insurance agency with average annual gross receipts of $2 million.
d. All of the above are required to use the accrual method.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M91266880

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