Assume 2018 tax year

47. Zina owns a business that provided a service in late December of 2018 and billed a client $15,000. The client paid this bill in January of 2019. In which tax year should this income be recognized? a. 2018 if the business is a cash filer; 2019 if the business in an accrual filer b. 2018 if the business is an accrual filer; 2019 if the business is a cash filer c. 2018, regardless of accounting method d. This is not a taxable event as it does not relate to personal taxation