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.
If you purchase or manufacture goods that produce income for your business, you may not be able to use the cash method of accounting. You can choose to use the accrual method for all of your accounting, but you also can choose a hybrid method of accounting.