Question 18 0.2 pts Joe's Cross Fit, an accrual-method taxpayer, provides personal training services. On October...

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Answer 1

Answer #1

For Tax purposes $2400 must be included in Joe's Cross Fit's gross income in 2019. Since the money is received in 2019, so the whole amount shall be included in 2019.

No amount will deferred as prepaid income.

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Answer 2

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Question 18 0.2 pts Joe's Cross Fit, an accrual-method taxpayer, provides personal training services. On October...