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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 for

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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 for the unearned revenue? The company's tax rate is 30%. h Tax basis is a liability of $75,000 Tax basis is zero. Tax basis is a liability of 22,500. Tax basis is an asset of $22. 500 The tax basis of an accounts receivable is equal to: ho Its carrying amount plus any amount that will enter taxation in future periods. Its carrying amount less any amount that will enter taxation in future periods. Its carrying amount less all amounts already deducted in determining taxable income in the current period. Its carrying amount plus all amounts already included in income in the current year

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