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Part 2 (69 Points) Kas Hiskinge Corporation uses the cash method of accounting for tax purposes and has a calendar year end. For each scenario,

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Part 2 (69 Points) Kas Hiskinge Corporation uses the cash method of accounting for tax purposes and has a calendar year end. For each scenario, compute the amount of the deduction or income recognized for tax purposes each year, 1. On March 1, 2020, Kas Hirkinge Corporation receives $45,000 in cash to perform 30 months of consulting services incurred ratably beginning on April 1, 2020. 2. During 2020, Kas Hizkinge Corporation pays $80,000 in cash for inventory. The beginning inventory balance equaled S102,000 and the ending inventory balance equals $113,000. 3. On December 15, 2020, Kas Hizkinge Corporation pays $120,000 in cash for a one-time media advertising campaign that runs from February 1, 2021 through January 31, 2022 MacBook Air

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