Question: On December 1 2 , 2 0 2 3 , Hook Company, a calendar year, cash basis business, mailed a $ 5 , 6 0

On December 12,2023, Hook Company, a calendar year, cash basis business, mailed a $5,600 bill to Mrs.
Gilder for professional services rendered during the month of November. Mrs. Gilder dropped off her
$5,600 check at Hook's office on December 28, but the company secretary did not deposit the check in
Hook's bank account until January 3,2024. How much, if any, income does Hook recognize? What
doctrine applies here?

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