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What accounting method (cash or accrual) would you recommend for the following businesses? a. An incorporated medical practice with annual gross receipts of $12 million.
What accounting method (cash or accrual) would you recommend for the following businesses? a. An incorporated medical practice with annual gross receipts of $12 million. b. A hardware store with annual gross receipts of less than $1 million. c. A building contractor, who builds single-family houses, with annual gross receipts of $3 million. d. A grocery store with annual gross receipts of $4.5 million.
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