CT Computer Corporation, a cash- basis taxpayer, sells service contracts on the computers it sells. At the beginni January of this year, CT Corporation sold contracts with service to begin immediately: The amount of income CT Corporation must report for this year is

Question

CT Computer Corporation, a cash- basis taxpayer, sells service contracts on the computers it sells. At the beginni January of this year, CT Corporation sold contracts with service to begin immediately:  The amount of income CT Corporation must report for this year is

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The Answer of CT Computer Corporation, a cash- basis taxpayer, sells service contracts on the computers it sells. At the beginni January of this year, CT Corporation sold contracts with service to begin immediately:  The amount of income CT Corporation must report for this year is

CT Computer Corporation, a Cash- Basis Taxpayer, Sells Service Contracts