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Jack operates large home repair business as a sole proprietorship. Beside providing services, Jack also sells home repair supplies to homeowners. However, these sales constitute
Jack operates large home repair business as a sole proprietorship. Beside providing services, Jack also sells home repair supplies to homeowners. However, these sales constitute a relatively small portion of Jack's income. Describe the conditions under which Jack would need to account for sales and purchases of plumbling supplies using the accrual method
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