PeeDee needs your help to determine which of the following statements about the accrual method of accounting is false O According to GAAP, only the accrual method correctly measures annual Income. O Every publicly held corporation must use the accrual method of accounting to prepare financial statements. For most accrual basis firms, book income and taxable income are the same numbers because transactions are treated the same way under GAAP as they are for tax accounting purposes. Large corporations are required to use the accrual method to compute taxable income.PeeDee needs your help to determine which of the following statements most accurately defines income in a business context for federal Income tax purposes: O Gross income from the sales of goods or performance of services less allowable deductions. Gross income from whatever source derived less allowable deductions. O Revenues from business transactions less all expenses. Gross income from whatever source derived less all expenses.Paales Inc ba calendar year, accrual basis taxpayer. In October 2021, Pirates ine received a $18,090 cash paythem from a tiant win leases space in a commercial office building that Prates Inc owns The payment was real for the 18 month period beginning on Noregbe: 1. 2021. As a result of the payment, Prates Inc. should report $2,000 book income and taxable income $2,000 book income and $18,000 taxable income $18,000 book income and taxable income None of the above