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eBook Discussion Question 1 6 - 1 1 ( LO . 2 ) Edgar uses the cash method to report the income from his software
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Discussion Question LO
Edgar uses the cash method to report the income from his software consulting business. A publicly held corporation has offered to invest in Edgar's business as a limited partner.
Complete the statement below regarding the method of accounting for the new partnership.
If the partnership's average annual gross receipts for the prior threeyear period exceed $ it
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