With respect to the prepaid income from services, which of the following is true? The treatment of prepaid income is always the same for tax and financial accounting. A cash-basis taxpayer can spread the income over the period services are to be provided in year one per GAAP provided that the remaining income is recognized in year two. An accrual-basis taxpayer can spread the income over the period services are to be provided in year one per GAAP provided that the remaining income is recognized in year two. An accrual-basis taxpayer can spread the income over the period services are to be provided on a contract for three years or less. None of the above statements are true.