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Author Question: The Cable TV Company, an accrual-basis taxpayer, allows its customers to pay by the month, by the ... (Read 78 times)

jman1234

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on: Sep 13, 2020
The Cable TV Company, an accrual-basis taxpayer, allows its customers to pay by the month, by the year, or two years in advance. In December 2016, the company collected the following amounts applicable to future services:



Assuming Cable TV wants to minimize income reported for 2016, what is the amount of gross income that must be reported for 2016 and how much of the income from these contracts will be reported in 2017?
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by jman1234 on Sep 13, 2020

momo1250

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jman1234

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Reply 2 on: Sep 13, 2020
Excellent

sailorcrescent

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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