Why would smaller partnerships (and other businesses for that matter) use only the tax basis of accounting,

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Why would smaller partnerships (and other businesses for that matter) use only the tax basis of accounting, which does not follow GAAP?

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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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Question Posted: Feb 04, 2016 06:09 AM

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Why would smaller partnerships (and other businesses for that matter) use only the tax basis of accounting,

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If the small partnership uses GAAP it would be required t...View the full answer

Fundamentals Of Taxation 2015

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