10.11 (Choosing Accounting Methods for Taxpayers) Would the following taxpayers report income using the cash or the accruals basis? Cash/Accruals Taxpayer Salary and Wage earner Sole practitioner lawyer Large accounting firm Manufacturing company 10.12 Explain what is meant by presently existing liability. 10.13 (Different treatments for Tax and Accounting purposes) Contrast the accounting and tax treatments of: (a) Interest income. (b) Entertainment expenses. (c) Penalties and fines. (d) Provision for annual and long service leave. (e) Depreciation. 10.14 When might prepayments be fully deductible when paid