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Title: CT Computer Corporation, an accrual basis taxpayer, sells service contracts on the computers it ... Post by: Augustus1 on Jan 8, 2017 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:
One for three months $200 One for 20 months costing 800 One for 36 months costing 1,000 The amount of income CT Corporation must report for this year is A) $200. B) $1,000. C) $1,680. D) $2,000. Title: Re: CT Computer Corporation, an accrual basis taxpayer, sells service contracts on the computers it ... Post by: MsLippy on Jan 8, 2017 Content hidden
Title: Re: CT Computer Corporation, an accrual basis taxpayer, sells service contracts on the computers it ... Post by: Augustus1 on Mar 19, 2017 Your explanation helped, amazing amazing!
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