Business, 03.12.2019 06:31 dkckdkcekkxgmaipcom

In 2019, chaya corporation, an accrual basis, calendar year taxpayer, provided services to clients and earned $25,000. the clients signed notes receivable to chaya that have a fair market value of $22,000 at year-end. in addition, chaya sold a 36-month service contract on june 1, 2019, and received payment in full of $12,000. round any division to four decimal places and if required, round your final answer to the nearest dollar. how much income does chaya report from these transactions in 2019?

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In 2019, chaya corporation, an accrual basis, calendar year taxpayer, provided services to clients a...

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