But Krauss said that from the moment he and the other scientists arrived on the island, they never saw anything untoward.
COMPANIES THAT FAIL THE $1 MILLION AVERAGE revenue test are not affected by the revenue procedure. For them, determining whether to use the cash or accrual method hinges on two issues: the material income-producing factor test and their type of entity. COMPANIES SELLING MERCHANDISE GENERALLY must use the accrual method to account for purchases and sales.
When you must use the accrual method. You must use the accrual method if: 1  your business has sales of more than $5 million per year, or.  your business stocks an inventory of items that you will sell to the public and your gross receipts are over $1 million per year.