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  4. Should I report on an accrual basis or cash basis on the BE-120?

Should I report on an accrual basis or cash basis on the BE-120?

All transactions should be reported on an accrual basis with two exceptions:

  • Telecommunications services should be recorded on a settlement basis.
  • The outright sale or purchase of intellectual property should be reported in the period when the acquisition or disposal of the intellectual property occurs.
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