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#17 On November 30, 2022, Laine Services, a calendar year taxpayer, billed a client $8,450 for services rendered during 2022. Laine received a check in

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On November 30, 2022, Laine Services, a calendar year taxpayer, billed a client $8,450 for services rendered during 2022. Laine received a check in full payment from the client on January 12, 2023. If Laine is an accrual basis taxpayer, it reports $8,450 jaxable income in 2022. True or False

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