Young Nails, an accrual basis tax payer, requires that its customers sign a three-year service contract...

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Young Nails, an accrual basis tax payer, requires that its customers sign a three-year service contract for services to be performed evenly over three years. On October 1, 2022, a customer pays $3600 for a three-year contract. How much of the $3600 must Young Nails recognize for 2023? (Do not use dollar signs, decimals, or commas in your answer. Round your answer) A Young Nails, an accrual basis tax payer, requires that its customers sign a three-year service contract for services to be performed evenly over three years. On October 1, 2022, a customer pays $3600 for a three-year contract. How much of the $3600 must Young Nails recognize for 2023? (Do not use dollar signs, decimals, or commas in your answer. Round your answer) A

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ANSWER To determine how much of the 3600 must be recognized for 2023 we need to cal... View the full answer