The accrual method generally is required for the following types of businesses:
A)A real estate management company operating as an S corporation with more than $25 million of gross receipts.
B)An incorporated public accounting firm with gross receipts in excess of $25 million.
C)A partnership that has a partner that is an S corporation.
D)A grocery store with average annual gross receipts of $800,000.
E)None of these.

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The Answer of The accrual method generally is required for the following types of businesses:
A)A real estate management company operating as an S corporation with more than $25 million of gross receipts.
B)An incorporated public accounting firm with gross receipts in excess of $25 million.
C)A partnership that has a partner that is an S corporation.
D)A grocery store with average annual gross receipts of $800,000.
E)None of these.

The Accrual Method Generally Is Required for the Following Types