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Aroon is a plumber who uses the cash method of accounting. This year Aroon requested that his clients make their checks payable to his son,

Aroon is a plumber who uses the cash method of accounting. This year Aroon requested that his clients make their checks payable to his son, Feng. This year Feng received checks in the amount of $71,250 for Aroon's plumbing services. Which of the following is a true statement?

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