When should the accounting cycle be modified for specialized industries? When should the accounting cycle bemodified for specialized industries?a) When standard periods don't matchbusiness operationsb) Only during tax season.c) Never under any circumstancesd) For all small businesses

In accounting, the cycle typically follows regular time periods, like monthly or yearly. This system…

Answered: When should the accounting cycle be…

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter4: Gross Income

Section: Chapter Questions

Problem 19P

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When should the accounting cycle be modified for specialized industries? a) When standard periods don't match business operations b) Only during tax season. c) Never under any circumstances d) For all small businesses