Larry uses an accrual method of accounting and a calendar, Ask an Expert

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Larry uses an accrual method of accounting and a calendar year. On December 30, 2016, he completed work for a client and submitted his bill. The client had no dispute with the work done or the amount of the bill. The client paid Larry's bill in 2017. In which year should he report the income from this project?

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Financial Management, Finance

Category:- Financial Management
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