eBook Multiple Choice 3-4 Inventories (LO 3.2) A small business that qualifies for the cash method may use which method to account for inventory? a. Treat the same as books and records if no applicable financial statements Ob. Treat the same as in the applicable financial statements Oc. Under the accrual method Od. Treat as non-incidental materials and supplies Oe. All of these choices are are suitable for accounting for inventory