Business
Business, 30.10.2019 06:31, ananyaamazing

Brown thumb landscaping is a calendar-year, accrual-method taxpayer. in september, brown thumb negotiated a $14,000 contract for services it would provide to the city in november of the current year. the contract specifies that brown thumb will receive $4,000 in october as a down payment for these services and it will receive the remaining $10,000 in january of next year. how much income from this $14,000 contract will brown thumb recognize in the current year?

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Brown thumb landscaping is a calendar-year, accrual-method taxpayer. in september, brown thumb negot...

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