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A company has unearned income of $75, 000. For tax purposes, the revenue is taxable on receipt of the cash. What is the tax basis
A company has unearned income of $75, 000. For tax purposes, the revenue is taxable on receipt of the cash.
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The tax basis for the unearned revenue would be zero until the compa...
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
