1. Choose at least two (2) specific transactions and determine the types of accounting methods that would be available for your business. Recommend the method that would minimize the tax liabilities for the company. Provide support for your rationale.

2. Of the two specific transactions you selected in Part 2, propose one (1) special accounting method, which your company would use to account for these transactions. Indicate any significant tax consequences that may result from the method you proposed.

the part 2 here is referring to question 1 above question 2