Unless the Internal Revenue Service consents to a change of method, the accrual method of tax reporting is generally mandatory for a sole proprietor when there are
|
Accounts receivable for services rendered |
Year-end merchandise inventories |
|
|
a. |
Yes |
Yes |
|
b. |
Yes |
No |
|
c. |
No |
No |
|
d. |
No |
Yes |