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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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