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Rolando's employer pays year-end bonuses each year on December 31. Rolando, a cash basis taxpayer, would prefer to not pay tax on his bonus this year. So, he leaves town on December 31, 2013 and doesn't pick up his check until January 2nd, 2014. When should Rolando report his bonus?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9957107

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