In General,a Corporation Can Elect to Use Either the Accrual

question 52

True/False

In general,a corporation can elect to use either the accrual or cash method of accounting no matter how large the corporation.

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Definitions:

Cake-Decorating

The art and skill of creating designs on cakes using icing, fondant, and other edible decorations, often for special occasions.

Industrial Reorganization

The process of restructuring the operations, structure, or ownership of companies in an industry to increase efficiency or adapt to market changes.

Implementation

The part of the entrepreneurial process that occurs when the organization is formed.

Entrepreneurial Process

It involves identifying a business opportunity, developing resources, and managing the business to achieve objectives.