Accounting homework - Study guides, Class notes & Summaries

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What income reporting form should an independent contractor sometimes receive from the person who paid him for his services? - Precise Answer Form 1099-MISC (15.6) Schedule C, Line F asks for the accounting method used in the business. What is the difference between the cash method and the accrual method of accounting? - Precise Answer • Under the accrual method, total sales and total charges for services are included in income even though payment may be received in another tax year. • ...

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