Speak corporation, a calendar-year, accrual-basis taxpayer, sell packages of foreign langauge lessons to individuals planning to work overseas. in december 2018, it sold and received payment for $600,000 of 24-month lesson packages to be provided evenly through 2019 and 2020. speak corporation will recognize the $600,000 of income
a. all in 2018b. half in 2019 and half in 2020c. all in 2019d. all in 2020
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Speak corporation, a calendar-year, accrual-basis taxpayer, sell packages of foreign langauge lesson...
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