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Question Help Dela manages real estate and is a cash method taxpayer. She changes to the accrual method in 2020. Dela's business income for 2020
Question Help Dela manages real estate and is a cash method taxpayer. She changes to the accrual method in 2020. Dela's business income for 2020 is 543,000 computed on the accrual method. Her books show the following Click the icon to view the data) Requirements . What austment is necessary to Dale's income? b. How should Dela report the adjustment? X Requirement a. What adjustment is necessary to Delia's income? (Use parentheses or a minus sign for negative adjustment) The adjustment to Della's income is Requirement b. How should Della report the adjustment? Data Table Dela December 31, December 31, 2019 2020 may elect to include the full amount in the current year Accounts receivable $ may elect to report the adjustment over a period not to exceed ten years 16,000 $ 25,700 Accounts payable must agree to report the full amount in the current year 15.200 14.200 must agree to report the adjustment over a period not to exceed four years Done Print Enter any number in the edt fields and then continue to the next question Type here to search o E - 9:17 AM 11/21/2020 III Question Help Delia manages real estate and is a cash method taxpayer. She changes to the accrual method in 2020 Dolla's Requirements business income for 2020 is 543,000 computed on the accrual muted. Her books show the following Click the icon to view the data) Whatdiment is necessary to Della's income? How should Dela report the adjustment? Requirement a. What adjustment is necessary to Delia's income? (Un parentheses or a minus sign for negative adjustment) Data Table The adjustment to Della's income is Requirement b. How should Dela report the adjustment? December 31. December 31, Delo 2010 Accounts receivable $ 16.000 5 25,700 may elect to include the amount in the current year Accounts payable 15200 14200 may elect to report the adjustment over a period not to exceed ten years must agree to report the full amount in the current year Print Done must agree to report the adjustment over a period not to exceed four years 2000 Enter any number in the edit fields and then continue to the next question - Type here to search 3:44 AM O BE E
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