What accounting method (cash or accrual) would you recommend for the following businesses?
a. A gift shop with average annual gross receipts of $900,000.
b. An accounting partnership with average annual gross receipts of $12 million.
c. A drywall subcontractor who works on residences and has annual gross receipts of $3 million.
d. An incorporated insurance agency with average annual gross receipts of $26 million.
e. A sole proprietor operating a retail clothing store with average annual gross receipts of $12 million.
f. A sole proprietor operating a widget manufacturing plant with average annual gross receipts of $27 million.