Question

On December 1 of the current year, Rhianna pays $2,400 for a 12-month advertising contract that will begin on March 1 of next year. Rhianna uses the cash method of accounting for her business. How much will Rhianna be able to deduct in the current year?

Answer 1

Answer:a

maybe

Step-by-step explanation:

Answer 2

Answer & Explanation:

Nothing. If she uses the cash method, then the following year Rhianna won't be able to deduct anything, because it was all posted on the previous year when the cash payment is made.