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Author Question: CT Computer Corporation, an accrual-basis taxpayer, sells service contracts on the computers it ... (Read 282 times)

Evvie72

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on: Sep 13, 2020

Question 1

CT Computer Corporation, a cash-basis taxpayer, sells service contracts on the computers it sells. At the beginning of January of this year, CT Corporation sold contracts with service to begin immediately:



The amount of income CT Corporation must report for this year is
◦ $200.
◦ $1,000.
◦ $1,680.
◦ $5,000.

Question 2

CT Computer Corporation, an accrual-basis taxpayer, sells service contracts on the computers it sells. At the beginning of January of this year, CT Corporation sold contracts with service to begin immediately:



The amount of income CT Corporation must report for this year is
◦ $200.
◦ $1,000.
◦ $1,680.
◦ $5,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by Evvie72 on Sep 13, 2020

tashiedavis420

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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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Evvie72

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Reply 2 on: Sep 13, 2020
Great answer, keep it coming :)

lindahyatt42

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

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