Hoss Cols an accrual method taxpayer On 7/1/20 Hoss Co received $1.800.000 as advanced receipt...
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Hoss Cols an accrual method taxpayer On 7/1/20 Hoss Co received $1.800.000 as advanced receipt of service revenue. This payment is for 12 future services. The services are performed over a 3-year period as follows 2020 3 services 2021 5 services 2022 4 Services 2023 services Using the deferral method, how much service revenue wil Hoss Ca report on its following federal income tax returns 4 Part question. Please label your answers clearly 2020 2021 2022 2023
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