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CPA Associates, a cash-basis partnership with a calendar tax year, signs a contract...

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Accounting

CPA Associates, a cash-basis partnership with a calendar tax year, signs a contract for a 30-month subscription to an online tax research service, effective as of November 1. The firm pays the full $15,000 subscription bill on the November 1,2023 subscription start date. For 2023 the firm can deduct
A) $1,000.
B) $15,000.
C) $7,500.
D) $2,000.
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