Healthy Pools Incorporated, an S Corporation, Operates a Swimming Pool

question 20

True/False

Healthy Pools Incorporated, an S corporation, operates a swimming pool business.It has successfully acquired many of the hotels and motels in the area as customers.It bills monthly for its services.Assuming the corporation wishes to use the accrual method to account for its billings, it must also use the accrual method to account for all other receipts and disbursements.