Franco is owner and operator of a cleaning service who uses the accrual method of accounting. He receives the following payments on December 31, 2014, the last business day of his tax year: How much of the $11,400 collected by Franco on December 31 must be included in his 2014 gross income?

Question

Franco is owner and operator of a cleaning service who uses the accrual method of accounting. He receives the following payments on December 31, 2014, the last business day of his tax year:  How much of the $11,400 collected by Franco on December 31 must be included in his 2014 gross income?

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The Answer of Franco is owner and operator of a cleaning service who uses the accrual method of accounting. He receives the following payments on December 31, 2014, the last business day of his tax year:  How much of the $11,400 collected by Franco on December 31 must be included in his 2014 gross income?

Franco Is Owner and Operator of a Cleaning Service Who