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For the Pizza Piazza partnership return what entries might be different if the partnership used the cash method of accounting? A ) The distributions that
For the Pizza Piazza partnership return what entries might be different if the partnership used the cash method of accounting? A The distributions that they each took will need to be recorded as guaranteed payments rather than as distributions. B The income statement as reported on page and the balance sheet as reported on Schedule L on page will be the same as if hey were using he accrual metho, but heree will be additional entries on both Schedule M and M C The partnership would need to record as cost of goods sold any amounts that they di not receive in for services that they provided in for which they will be paid in D The expenses on page may be more if they paid for certain prepaid expenses, such as insurance where the policy covers time in but with the cash method, this would all be shown in when it was paid.
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