An advantage of the accrual method of computing taxable farm income

(1pts)

the result is a better indicator of true net farm income than values obtained from using the cash method.

the amount of taxable income that is reported in each tax year can be adjusted more easily

lower marginal tax rates

taxable income will always be less

2)

The goal of income tax management should be

(1pts)

to minimize taxable income

to maximize long-run, after-tax net income

to pay as little income tax as possible

to postpone paying as much tax as possible