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Q: The timing of the recognition of the income is a significant issue. Explain the general rules surrounding the timing of the recognition of income,

Q: The timing of the recognition of the income is a significant issue. Explain the general rules surrounding the timing of the recognition of income, including the three primary methods of accounting for tax purposes, the tests for each, and any notable exceptions. answer must be 100% original, meet all requirements and citations need references.

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