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1) I s alimony an income item? Why or why not? What about child support? Please list some examples or reasons why Alimony or child

1) Is alimony an income item? Why or why not?

What about child support? Please list some examples or reasons why Alimony or child support is an income item!

2)What are the accounting methods used? In each scenario, when do we include income for tax purposes?

3)What are some different types of income that can be recognized for tax purposes? (please list examples and explanations)

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