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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 19: Gross Income: Inclusions
  5. Question
    Under the Cash Method of Accounting,income Is Reported in the Year
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Under the Cash Method of Accounting,income Is Reported in the Year

Question 2

Question 2

True/False

Under the cash method of accounting,income is reported in the year the taxpayer actually or constructively receives the income.

Correct Answer:

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