CT Computer Corporation,an Accrual-Basis Taxpayer,sells Service Contracts on the Computers

Multiple Choice

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: The amount of income CT Corporation must report for this year is

A) $200.
B) $1,000.
C) $1,680.
D) $5,000.