Required information Problem 01-78 (LO 01-4) (Algo) [The following information applies to the questions displayed...
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Required information Problem 01-78 (LO 01-4) (Algo) [The following information applies to the questions displayed below.] Erin is considering switching her business from the cash method to the accrual method at the beginning of next year. Determine the amount and timing of her $481 adjustment assuming the IRS grants Erin's request in the following alternative scenarios. oblem 01-78 Part-b (Algo) At the end of this year, Erin's business reports $34,800 of accounts receivable and $17,900 of accounts payable that have not been corded for tax purposes
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