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the rental income is related to a 24 month rental contract the company signed on November 1, 2017 which stated the company would receive $2,000
the rental income is related to a 24 month rental contract the company signed on November 1, 2017 which stated the company would receive $2,000 per month in rental income. The company received prepayment of $48,000 on november 1, 2017. the company recognjzed $20,000 of rental income for books in 2019
how much is recognized in 2019 for tax purposes
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
7th Edition
1118725786, 978-1118725788
