Which of the Following Businesses Can Use the Cash Method

Multiple Choice

Which of the following businesses can use the cash method?
I.The Donner Group, a partnership with 3 equal partners, of which one is The Garden Corporation. Average revenues for the Donner Group, a consulting firm, over the last three years are $34,000,000.
II.The Mongoose Corporation, a computer software consultant that has average annual fees from services over the last three years are $2,100,000.
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A) Only statement I is correct.
B) Only statement II is correct.
C) Both statements are correct.
D) Neither statement is correct.