cash basis federal income tax

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Marr Corp rental revenue of $2,210,000 in its cash basis federal income tax for the year ended November 30, for year 2. Additional information is as follows:

Rents receivable year 2: $1,060,000

Rents receivable year 1: $800,000

Uncollectible rents written off during the fiscal year: $30,000

Under the accrual basis, Marr should report rental revenue of:

a. 1,920,000

b. 1,980,000

c. 2,440,000

d. 2,550,000

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