Edgar uses the cash method to report the income from his software consulting business A large publicly held corporation has offered to invest in Edgar 's business as a limited partner What tax accounting complications would be created if Edgar and the corporation became partners ...

A partnership with a corporate partner must use the accrual method ...

Edgar uses the cash method to report the income from his software consulting business. A large publicly

Question:

Edgar uses the cash method to report the income from his software consulting business. A large publicly held has offered to invest in Edgar's business as a limited partner. What tax accounting complications would be created if Edgar and the became partners?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...