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EM, Inc. is an accrual basis calendar year taxpayer. JEM, Inc., held a soccer match in the company arena on December 31, 2024. JEM and

EM, Inc. is an accrual basis calendar year taxpayer. JEM, Inc., held a soccer match in the company arena on December 31, 2024. JEM and Clean, Inc. signed a contract that required Clean, Inc. to clean the arena for $5,000 (after the match) and required JEM, Inc. to pay the $5,000 on January 15, 2025. When should JEM, Inc. deduct the $5,000 cleaning expense?

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