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Author Question: A retailing business may use the cash basis method of accounting for purposes of determining sales ... (Read 35 times)

genevieve1028

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on: Sep 13, 2020

Question 1

A business which provides a warranty on goods sold will deduct a reserve for warranty expense consistent with the reporting on its financial statements.
◦ true
◦ false

Question 2

A retailing business may use the cash basis method of accounting for purposes of determining sales and cost of goods sold if average gross receipts do not exceed $1 million.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by genevieve1028 on Sep 13, 2020

kingdude89

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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genevieve1028

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

shewald78

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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