Business, 31.01.2020 14:51 georgesarkes12

Which of the following is true of the cash method of accounting?

it's only available to c corporations with sales over $5 million.

a sale is entered into the books when the invoice is generated.

you pay taxes on revenue before you actually receive it.

recording of income can be put off until the next tax year when the income is actually received.

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Which of the following is true of the cash method of accounting?

it's only available to...

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