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re: Economics - How did this happen?

Posted on 7/12/20 at 9:39 pm to
Posted by East Coast Band
Member since Nov 2010
62901 posts
Posted on 7/12/20 at 9:39 pm to
All I know with all that money changing hands, the IRS is going to be happy
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71433 posts
Posted on 7/13/20 at 6:43 am to
quote:

All I know with all that money changing hands, the IRS is going to be happy


Only if they're using the cash method. If they're using the accrual method the revenue was recorded at the time of the original transaction.
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