How much income must perez recognize for tax in 2019

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Perez Landscaping, an accrual based taxpayer, enters into a contract to provide 24 months of lawn service and receives $19,200 in May 2018 (that's $800 per month). Perez starts services in June 2018 and ultimately fulfills its contract over the remainder of the contract term.

Perez indicated they would like to defer income for as long as allowable for tax. How much income must Perez recognize for tax in 2019?

Reference no: EM132326100

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