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What accounting method should hariette choose

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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: EM132836429

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