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Home / Questions / Test - Tax Analyst Certification Test (201 Sole Proprietorships Question 1 of 75. Larry uses an accr

Test - Tax Analyst Certification Test (201 Sole Proprietorships Question 1 of 75. Larry uses an accr


Test - Tax Analyst Certification Test (201 Sole Proprietorships Question 1 of 75. Larry uses an accrual method of accounting Test - Tax Analyst Certification Test (201 Sole Proprietorships Question 1 of 75. Larry uses an accrual method of accounting and a calendar year. On December 30, 2017, he completed work for a cierd and sub d his b The cent hed dispute with the work done or the amount of the bill. The client paid Larry's bill in 20018. In which year should he report the incons from this grect O He should report the income in 2018. He may choose to report the income in either 2017 or 2018. He should report the income in 2017. O He should report half of the income in 2018 and half in 2019. Mark for follow up

Apr 01 2020 View more View Less

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