An Advance Payment Received in June 2017 by an Accrual

question 40

True/False

An advance payment received in June 2017 by an accrual basis and calendar year taxpayer for services to be provided over a 36-month period can be spread over four tax years.

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Definitions:

Apgar Scale

Standard measurement of a newborn's condition; it assesses appearance, pulse, grimace, activity, and respiration.

Newborn's Appearance

Describes the physical characteristics and initial health status of a baby immediately after birth.

Pulse

The rhythmic throbbing of the arteries as blood is propelled through them, typically felt in the wrists or neck.

Reflex

An automatic, involuntary response to a specific stimulus.