Norah, who gives music lessons, is a calendar-year tax payer using the cash-basis method of...
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Accounting
Norah, who gives music lessons, is a calendar-year tax payer using the cash-basis method of accounting. On October 1 of this year, she received $1,200 for a one-year contract beginning on that date to provide 10 lessons. She gave 6 lessons this year. How much should Norah include in income this year?
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