On December 1,2013,Daniel,an Accrual Basis Taxpayer,collects $12,000 Rent for December

question 77

True/False

On December 1,2013,Daniel,an accrual basis taxpayer,collects $12,000 rent for December 2013 and $12,000 for January 2014.Daniel must include the $24,000 in 2013 gross income.

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