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Speak Corporation, a calendar year accrual-basis taxpayer, sell packages of foreign langauge lessons ...

Diba123

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Speak Corporation, a calendar year accrual-basis taxpayer, sell packages of foreign langauge lessons ...

Speak Corporation, a calendar year accrual-basis taxpayer, sell packages of foreign langauge lessons to individuals planning to work overseas. In December 2016, it sold and received payment for $600,000 of 24-month lesson packages to be provided evenly through 2017 and 2018. Speak Corporation will recognize the $600,000 of income

▸ all in 2016.

▸ half in 2017 and half in 2018.

▸ all in 2017.

▸ all in 2018.

Textbook

Federal Taxation 2017 Individuals

Edition: 30^th

Authors: Pope, Rupert, Anderson

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Frogmama

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More solutions for this book are available here

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Diba123 Author

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4 years ago

Smart ... Thanks!

SlimyPencil

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Good timing, thanks!

2ne1_12345

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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