Required to use the accrual method of accounting

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Reference no: EM13727503

Which of the following taxpayers is required to use the accrual method of accounting?
Select one:
a. A corporate retail business with average annual gross receipts of $10,500,000.
b. An accountant with average annual gross receipts of $450,000.
c. An insurance agency with average annual gross receipts of $2 million.
d. All of the above are required to use the accrual method.

Reference no: EM13727503

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