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How would the retail chain account for taxes in records

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Reference no: EM131889172

Question: A sports equipment and apparel retail chain, wishes to incorporate under the name JKEB Enterprises, Inc. The company is located within the state of Florida.

- How would this retail chain incorporate?

- How would the retail chain obtain a taxpayer identification number?

- How would the retail chain account for taxes in there records?

- What are the differences in cash versus accrual accounting from a tax basis?

Reference no: EM131889172

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