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FIN 585 Week 6 Assignment Cash Basis Accounting And Taxes NEW WORK

FIN 585 Week 6 Assignment Cash Basis Accounting And Taxes NEW WORK
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FIN 585 Week 6 Assignment Cash Basis Accounting And Taxes NEW

 

Discuss with your team Cash Basis Accounting and its impact on tax strategies. Your team is starting a new manufacturing business. Name your business and mention the product that you are producing. Include the following:
• Why would I choose cash basis accounting versus accrual accounting for this business? What are the pros and cons to each one for your new business?
• How would choosing cash basis accounting versus accrual accounting impact the various tax strategies for your new organization? Discuss the pros and cons for your organization.
• Give an example of an organization or industry that uses cash basis accounting. 
Each student must post a direct response to the Discussion Statement as well as two peer responses. Instructor will set up a discussion thread in the Team folders for this discussion to take place.
After the discussion, the team is to write a 700- to 1,050-word paper or 16- to 24-slide presentation using a modality of your choice to summarize the team's opinion and draw a conclusion.
Format your submission consistent with APA guidelines.
Click the Assignment Files tab to submit in a Microsoft® Word document or Microsoft® PowerPoint® presentation.

 

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