1. The purpose of this assignment is to teach you that the accrual method for tax purposes differs from traditional accrual for financial accounting purposes.
   1. In what way are they similar (financial accrual and tax accrual)?

2. In what way are they different?

2. (Optional but required for the potential to earn maximum points) i.e. for potential: There is a special tax accrual method that is closer to traditional financial accounting accrual. What is the name of that special method? Please explain why that method is not appropriate for this example (Hint: Review the Gleim 3 MC solutions. Another hint: This example is incomplete. The name of the company is Hawthorne Manufacturing so there is obviously a major expense missing).