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Cash Method Characteristics Limitations Accrual Method Characteristics Limitations ...

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Accounting

Cash Method

Characteristics

Limitations

Accrual Method

Characteristics

Limitations

Inventory Valuation & Code Section 263A

Simplified Retail Method

Simplified Production Method

Lower-of-Cost-or-Market (LCM)

Long-Term ContractsTwo methods can be used

Percentage-of-Completion

Completed Contract

Installment Method

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