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11 054 look Big Homes Corporation is an accrual-method calendar-year taxpayer that manufactures and sells modular homes. This year, for the first time Big Homes

11 054 look Big Homes Corporation is an accrual-method calendar-year taxpayer that manufactures and sells modular homes. This year, for the first time Big Homes was forced to offer a rebate on the purchase of new homes. At year-end, Big Homes had paid $12.800 in rebates and was liable for an additional $7.900 in rebates to buyers. What amount of the rebates, if any, can Big Homes deduct this year? Multiple Choice $12,800 because the $7.900 liability is not fland and determinable. $12,800 because rebates are payment abilities $20,700 because Big Homes is an accrual-method expeyer Big Homes is not entitled to a deduction because rebates are against public policyimage text in transcribed

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