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The cash method of accounting has all of the following shortcomings except: A. It is costly to administer. B. It is not in accordance with
The cash method of accounting has all of the following shortcomings except:
A. | It is costly to administer. | |
B. | It is not in accordance with generally accepted accounting principles. | |
C. | Income may not be matched with related expenses. | |
D. | Income and deductions may be mismatched when a transaction involves one taxpayer using the cash method and another taxpayer using an accrual method. |
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