Question: Question 2 4 ( 1 point ) Soved Marbles Inc. is an accrual basis taxpayer that sells furniture. On December 1 5 , 2 0

Question 24(1 point)
Soved
Marbles Inc. is an accrual basis taxpayer that sells furniture. On December 15,2024, a customer purchased a sofa that was in stock. However, the customer wanted the sofa delivered on the first week of January 2025. Marbles Inc. delivered the item on January 5,2025. For financial accounting purposes, Marbles Inc. correctly included the sale in its 2024 income. Which of the following statements is correct?
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Marbles Inc. must recognize the sale in its 2024 income.
Marbles Inc. must recognize the sale in its 2025 income.
None of these
Marbles Inc. can elect to recognize the sale in either its 2024 income or 2025 income.
According to the state laws in which Marbles Inc. is located, it must recognize the sale in its gross income in the year title to the goods passed to the customer.
Question 2 4 ( 1 point ) Soved Marbles Inc. is an

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