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Describe the methods of accounting available to BR

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Reference no: EM132648220

Question - Browne and Red, both C corporations, formed the BR Partnership on January 1, 2019. Neither Browne nor Red is a personal service corporation, and BR is not a tax shelter. BR's gross receipts were $22 million, $28 million, $31 million, and $32 million, respectively, for the next four tax years. Describe the methods of accounting available to BR in each tax year.

Reference no: EM132648220

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