But Krauss said that from the moment he and the other scientists arrived on the island, they never saw anything untoward.
COMPANIES THAT FAIL THE $1 MILLION AVERAGE revenue test are not affected by the revenue procedure. For them, determining whether to use the cash or accrual method hinges on two issues: the material income-producing factor test and their type of entity. COMPANIES SELLING MERCHANDISE GENERALLY must use the accrual method to account for purchases and sales.
John Denney replied Feb 14, 2011. I didn't mean to change the invoice date; I suggested changing the currency translation date on the invoice entry to the same date as the original accrual. This should cause the translation rates to be the same for the accrual, the reversal and the invoice. Thanks, John.