Are there circumstances in which income is recognized even when a cash-basis taxpayer does not receive cash?

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Are there circumstances in which income is recognized even when a cash-basis taxpayer does not receive cash? Explain.
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Fundamentals Of Taxation 2015

ISBN: 9781259293092

8th Edition

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone

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