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    Federal Taxation
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    Exam 4: Gross Income: Concepts and Inclusions
  5. Question
    An Advance Payment Received in June 2017 by an Accrual
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An Advance Payment Received in June 2017 by an Accrual

Question 40

Question 40

True/False

An advance payment received in June 2017 by an accrual basis and calendar year taxpayer for services to be provided over a 36-month period can be spread over four tax years.

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