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12. Which one of the following entities cannot use the cash method for tax purposes...

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Accounting

12. Which one of the following entities cannot use the cash method for tax purposes in 2019?

a.A small sole proprietorship with $150,000 in average annual gross receipts.

b.A law firm operating as a personal service corporation with $5.4 million in average annual gross receipts.

c.A large almond farm with $40 million in average annual gross receipts.

d.A corporation with $24 million in average annual gross receipts and 200 employees.

e.All of these choices may use the cash method.

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