Kate Is an Accrual Basis,calendar-Year Taxpayer

Multiple Choice

Kate is an accrual basis,calendar-year taxpayer.On November 1,2017,Kate leased out a building for $4,500 a month.On that day Kate received 7 months rental income on the building,a total of $31,500 ($4,500 × 7 months) .How much income must Kate include on her 2017 tax return as a result of this transaction?

A) $4,500
B) $9,000
C) $31,500
D) $54,000
E) None of the above