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A cash basis C.P.A. renews her malpractice insurance paying $12,000 for the three-year contract on December 1, 2020. She can only deduct one months worth

A cash basis C.P.A. renews her malpractice insurance paying $12,000 for the three-year contract on December 1, 2020. She can only deduct one months worth of the cost in 2020

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