On December 30,2017,Robert agreed to repair a damaged house wall and started to work on that date.He will finish and get paid for the job in January of 2018.Robert needs to record the income received from his work in the year:

Question

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Robert agreed to repair the damaged wall on December 30, 2017, but he will get paid in January of 2018. Therefore, the income from the work should be recorded in 2018. Option A is not correct as he did not receive the payment in 2017. Option B is not correct as it is not half of the payment that he received in each year. Option D is incorrect as all income earned must be reported on tax returns.

On December 30,2017,Robert Agreed to Repair a Damaged House Wall