Business, 28.02.2020 21:29 tayfaulk123

ABC Corporation declared a dividend for taxpayers of record as of December 24, 2018. The dividend checks were mailed on December 31, 2018. Ed, a cash basis shareholder, received the dividend check on January 2, 2019. Ed cannot delay reporting the income from the dividend until 2019. True or false?

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ABC Corporation declared a dividend for taxpayers of record as of December 24, 2018. The dividend ch...