Discuss cash versus accrual accounting from a tax basis


Discuss the below:

Q: A sports equipment and apparel retail chain, wishes to incorporate under the name JKEB Enterprises, Inc. The company is located within the state of Florida.

How would this retail chain incorporate?

How would the retail chain obtain a taxpayer identification number?

How would the retail chain account for taxes in there records?

Cash versus accrual accounting from a tax basis. What are the differences?

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Accounting Basics: Discuss cash versus accrual accounting from a tax basis
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