Discuss with your team Cash Basis Accounting and its impact on tax strategies. Your team is starting a new manufacturing business. Name your business and mention the product that you are producing. Include the following: “� Why would I choose cash basis accounting versus accrual accounting for this business? What are the pros and cons to each one for your new business? “� How would choosing cash basis accounting versus accrual accounting impact the various tax strategies for your new organization? Discuss the pros and cons for your organization. “� Give an example of an organization or industry that uses cash basis accounting. Each student must post a direct response to the Discussion Statement as well as two peer responses. Instructor will set up a discussion thread in the Team folders for this discussion to take place. After the discussion, the team is to write a 700- to 1,050-word paper or 16- to 24-slide presentation using a modality of your choice to summarize the team’s opinion and draw a conclusion. Format your submission consistent with APA guidelines. Click the Assignment Files tab to submit in a Microsoft® Word document or Microsoft® PowerPoint® presentation.
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