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Problem 9-65 (LO 9-5) The following information applies to the questions displayed below In October...

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Accounting

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Problem 9-65 (LO 9-5) The following information applies to the questions displayed below In October of year 0, Janine received a $12,250 payment from a client for 35 months of security services she will provide starting on December 1 of year O. This amounts to $350 per month. Janine is a calendar-year taxpayer. Problem 9-65 Part-a a. When must Janine recognize the income from the $12,250 advance payment for services if she uses the cash method of accounting? O Year 2 OYear O O Year 1 Year 1 and year 2 O Year 0 and year 1

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