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Author Question: An accrual-basis taxpayer receives advance payment for services to be provided over three future ... (Read 73 times)

daltonest1984

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on: Sep 13, 2020

Question 1

A check received after banking hours is considered constructively received by the payee even though the check can not be converted to cash.
◦ true
◦ false

Question 2

An accrual-basis taxpayer receives advance payment for services to be provided over three future years.  The taxpayer can recognize the income over the three-year period as services are provided, consistent with its financial statements.
◦ true
◦ false
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by daltonest1984 on Sep 13, 2020

zenzy

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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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daltonest1984

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
Wow, this really help

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