What would your answers be for 3 & 4 ?

A3. Which of the following businesses must use the accrual method of accounting to account for all or a part of its operations? a. F Gas Corporation, a chain of 10 gas stations owned and operated by F. The corporation has average annual gross receipts of $13 million annually. The Clinic. This corporation is owned and operated by 80 physicians who provide a variety of health care services to the citizens of Houston. Annual billings to insurance companies and patients monthly exceed $20 million. b. c. Whitewater Rafting of Idaho is a partnership owned by B and T. Gross receipts d. D Drilling, a partnership owned by J and A. The partnership operates oil drilling Te. More than one of the above and these are for the past several years have averaged $100,000. rigs all over the world. Annual gross receipts consistently exceed $8 million. E- 4The cash method of accounting may not be used by a solely owned personal service corporation in the management consulting business. a. b. individual engaged as a sole proprietor in a service business (inventory is not an the principal business activity) whose average annual gross receipts for all prior years exceed $6 million. c. a partnership of attorneys that has average annual gross receipts of $7 million. d. b and c. e. All of the above may use the cash method