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Question 21 of 77. When a taxpayer is using the cash method of accounting, income is reported on the tax return when the Services are rendered Merchandise is shipped to the buyer. Bad debts are deducted. Income is actively or constructively received. OOOO Mark for follow up Question 22 of 77. Which of the following is NOT an accounting period. Calendar year. Annual accounting year. Fiscal year. 52-53-week year. Mark for follow up Question 23 of 77. The item(s) NOT included in gross receipts is/are Goods or services the proprietor receives in exchange for the goods or services they sell. tps://hrblock.csod.com/Evaluations/EvalLaunch.aspx?loid=adffe3f2-Odd6-4acf-ab42-8dc716b3d44b&evallvl=5&redirect_url=%2fphnx%2fdriver.asp... 19/2020 Realize Your Potential: H&R Block Sales tax collected by the proprietor and passed on to state or local taxing authority. Payment for goods or services reported on Form 1099-MISC. Payment for goods or services NOT reported on Form 1099-MISC. Mark for follow up Question 24 of 77. The cost of goods sold is O A method used to value closing inventory. An amount subtracted from gross income to determine net income. All merchandise bought for resale by merchants. Beginning inventory plus purchases and other direct costs of goods, minus the ending inventory