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What accounting method should hariette choose

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Reference no: EM132744715

Problem 1: Hariette would like to review the income and expenses that were actually paid last month so she can determine how much to set aside for her estimated taxes. What accounting method should Hariette choose when she runs the Profit and Loss report?

Option 1: Cash basis
Option 2: Accrual basis
Option 3: Modified basis
Option 4: Hybrid basis

Reference no: EM132744715

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