Question: Discussion Question 4-9 (LO. 2) The taxpayer performs services with payment due from the customer within 30 days. All customers pay within the time limit.

 Discussion Question 4-9 (LO. 2) The taxpayer performs services with payment

Discussion Question 4-9 (LO. 2) The taxpayer performs services with payment due from the customer within 30 days. All customers pay within the time limit. What would be the benefit to the taxpayer using the cash method of accounting rather than the accrual method? The taxpayer can by using the cash method of accounting when the customers or clients pay subsequent to the taxpayer delivering the goods or performing the services. allocate income defer income recognize income reverse income

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