Dave Is A Plumber Who Uses The Cash Method Of Accounting

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Brodie. 29 August, 20:59.dave isa plumber who uses the cash method of accounting. This yearDave requested that his clients make their checks payable to his son, Steve. This year Steve received checks in the amount of $109,500 forDave’s plumbing services.

Dave is a plumber who uses the cash method of accounting. This year Dave requested that his clients make their checks payable to his son,Steve. This yearsteve received checks in the amount of $109,500 forDave’s plumbing services. Which of the following is a true statement?

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Dave is a plumber who uses the cash method of accounting. This year Dave requested that his clients make their checks payable to his son,Steve. This yearSteve received checks in the amount of $62,000 for Dave’s plumbing services.

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Dave is a plumber who uses the cash method of accounting. This year Dave requested that his clients make their checks payable to his son, Steve. This year Steve received checks in the amount of $109,500 for Dave’s plumbing services. Which of the following is a true statement? a. Dave is taxed on $109,500 of plumbing income this year. b. Steve …