a.
Calculate the amount of income or deductions of Ms. M for 2018 using cash basis and accrual basis of accounting. Assume that Ms. M paid a license fee of $1,200 for June 1, 2018 through March 31, 2019.
b.
Calculate the amount of income or deductions of Ms. M for 2018 using cash basis and accrual basis of accounting. Assume that Ms. M collected $10,000 for January 2019 rents. Ms. M collected $2,000 for December 2018 rents in January 2018.
c.
Calculate the amount of income or deductions of Ms. M for 2018 using cash basis and accrual basis of accounting. Assume that Ms. M paid $7,200 for an office equipment service contract for July 1, 2018 through December 31, 2019.
d.
Calculate the amount of income or deductions of Ms. M for 2019 using cash basis and accrual basis of accounting.
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South-Western Federal Taxation 2019: Individual Income Taxes (Intuit ProConnect Tax Online 2017 & RIA Checkpoint 1 term (6 months) Printed Access Card)
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- Individual Income TaxesAccountingISBN:9780357109731Author:HoffmanPublisher:CENGAGE LEARNING - CONSIGNMENT