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eBook Discussion Question 16-11(LO.2) Edgar uses the cash method to report the income...

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Accounting

eBook
Discussion Question 16-11(LO.2)
Edgar uses the cash method to report the income from his software consulting business. A publicly held corporation has offered to invest in Edgar's business as a limited partner.
Complete the statement below regarding the method of accounting for the new partnership.
If the partnership's average annual gross receipts for the prior three-year period exceed $ it
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