On January 1,2010,an accrual basis taxpayer entered into a contract to provide termite inspection service each month for 36 months.The amount received for the contract was $1,800.The taxpayer should report $600 of income each year in 2010,2011,and 2012.

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The Answer of On January 1,2010,an accrual basis taxpayer entered into a contract to provide termite inspection service each month for 36 months.The amount received for the contract was $1,800.The taxpayer should report $600 of income each year in 2010,2011,and 2012.

On January 1,2010,an Accrual Basis Taxpayer Entered into a Contract