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Judy a cash basis taxpayer leases office buildings to

Judy, a cash basis taxpayer, leases office buildings to commercial tenants. During 2015, she receive $10,000 from various tenants a refundable damage deposits, $300,000 for 2015 rents, and $50,000 for 2016 rents. How much should Judy include in 2015 gross income?

a. $300000

b. $310000

c. $350000

d. $360000

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Accounting Basics: Judy a cash basis taxpayer leases office buildings to

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