Franco is owner and operator of a cleaning service who uses the accrual method of accounting.He receives the following payments on December 31,2016,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 2016 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 31,2016,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 2016 gross income?

Quizplus · Accepted Answer

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 31,2016,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 2016 gross income?

Franco Is Owner and Operator of a Cleaning Service Who