Explain how dress-for-success is accounting for transactions, Accounting Basics

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Explain how dress-for-success is accounting for transactions

Problem

Research this issue and answer the following:

1) Explain how Dress-for-Success is accounting for the transactions under the cash basis method and how she should account for them if she did follow GAAP.

2) Should Dress-for-Success, Inc. use GAAP? Why or why not?

3) Are there any ethical issues in this situation? Explain.

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Accounting Basics: Explain how dress-for-success is accounting for transactions

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Accounting Basics: Explain how dress-for-success is accounting for transactions

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