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Business, 08.02.2021 23:50 treyhunt5362

Copper Corporation, a C corporation, had gross receipts of $26,000,000 in 2017, $27,000,000 in 2018, and $24,000,000 in 2019. Gold Corporation, a personal service corporation (PSC), had gross receipts of $25,000,000 in 2017, $28,000,000 in 2018, and $26,000,000 in 2019. Which of the corporations will be allowed to use the cash method of accounting in 2020

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Copper Corporation, a C corporation, had gross receipts of $26,000,000 in 2017, $27,000,000 in 2018,...
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