Required:
a A taxpayer completes $ of accounting services in December for a client who pays for the accounting work in January
b A taxpayer is in the business of renting computers on a shortterm basis. On December she rents a computer for a $ rental fee and receives a $ deposit. The customer returns the computer and is refunded the deposit on December
c Same facts as b except that the computer is returned on January
d On December a landlord rents an apartment for $ per month and collects the first and last months' rent up front. It is customary that tenants apply the security deposit to their last month's rent upon moving out.
e An accountant agrees to perform $ of tax services for an auto mechanic who has agreed to perform repairs on the car of the accountant's wife. The mechanic repairs the car in December and the accountant starts and completes the tax work in March
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An accountant agrees to perform $ of tax services for an auto mechanic who has agreed to perform repairs on the car of the accountant's wife. The mechanic repairs the car in December and the accountant starts and completes the tax work in March
tableYearTaxable income,AccountantMechanic,,$$$$