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15 Required information Part 1 of 2 The following information applies to the questions displayed below In October of year O, Janine received a $8,680
15 Required information Part 1 of 2 The following information applies to the questions displayed below In October of year O, Janine received a $8,680 payment from a client for 31 months of security services she will provide starting on December 1 of year O. This amounts to $280 per month. Janine is a calendar-year taxpayer 0.2 points eBook Hint Print References a. When must Janine recognize the income from the $8.680 advance payment for services if she uses the cash method of accounting? O Year 2 O Year O 0 Year 1 and year 2 O Year 1 O Year O and year Check ny wor 16 Required information The following information applies to the questions displayed below Part 2 of 2 In October of year 0, Janine received a $8,680 payment from a client for 31 months of security services she will provide starting on December 1 of year O. This amounts to $280 per month. Janine is a calendar-year taxpayer 0.2 points eBook b. When must Janine recognize the income from the $8,680 advance payment for services if she uses the accrual method of accounting? Hint Print References O Year 1 0 Year 0 and Year 1 O Year 2 O Year 0 O Year 1 and Year 2
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