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Business, 06.05.2020 23:03 wirchakethan23

Edgar uses the cash method to report the income from his software consulting business. A large publicly held corporation has offered to invest in Edgar's business as a limited partner. Complete the statement below regarding the method of accounting for the new partnership. If the partnership's average annual gross receipts for the prior three-year period exceed $ it can use either the cash or accrual method of accounting .

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