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Compare and contrast the cash basis of accounting, and the accrual basis of accounting Is there any type of business that must be on the

Compare and contrast the cash basis of accounting, and the accrual basis of accounting

Is there any type of business that must be on the cash method for tax purposes? Give examples, and reasons for the requirement.

Is there an type of business that must be on the accrual basis method for tax purposes? Give examples and reasons for the requirement.

What kind of business has a choice? Give examples.

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