Speak Corporation,a calendar year accrual basis taxpayer,sell packages of foreign langauge lessons to individuals planning to work overseas.In December 2015,it sold and received payment for $600,000 of 24-month lesson packages to be provided evenly through 2016 and 2017.Speak Corporation will recognize the $600,000 of income

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The Answer of Speak Corporation,a calendar year accrual basis taxpayer,sell packages of foreign langauge lessons to individuals planning to work overseas.In December 2015,it sold and received payment for $600,000 of 24-month lesson packages to be provided evenly through 2016 and 2017.Speak Corporation will recognize the $600,000 of income

Speak Corporation,a Calendar Year Accrual Basis Taxpayer,sell Packages of Foreign