Business, 27.09.2019 01:00, cathydaves

Judy is a cash basis attorney. this year, she performed services in connection with the formation of a corporation and received stock with a value of $4,000 for her services. by the end of the year, the value of the stock had decreased to $2,000. she continued to hold the stock. judy must recognize $4,000 of gross income from the stock for the current year.
a. true
b. false

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Judy is a cash basis attorney. this year, she performed services in connection with the formation of...