A small corporation selling goods would prefer to use the cash method to simplify its accounting records.

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A small corporation selling goods would prefer to use the cash method to simplify its accounting records. It will be able to continue using the cash method as long as average gross receipts for its three prior years do not exceed

A) $1 million.

B) $3 million.

C) $10 million.

D) $25 million.

Related Book For answer-question

Business Math

ISBN: 978-0133011203

10th edition

Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

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Posted Date: Sep 04, 2020 10:40 AM

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A small corporation selling goods would prefer to use the cash method to simplify its accounting records.

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Business Math

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