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Author Question: Accrual-basis taxpayers are allowed to deduct expenses when they meet either the economic ... (Read 77 times)

student77

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Question 1

A small business uses the accrual method of accounting for its financial statements.  It must also use the accrual method for computing taxable income.
◦ true
◦ false

Question 2

Accrual-basis taxpayers are allowed to deduct expenses when they meet either the economic performance test or the all-events test.
◦ true
◦ false


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Marked as best answer by student77 on Sep 13, 2020

randomguy133

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student77

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Reply 2 on: Sep 13, 2020
Excellent


tuate

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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