Alayna is a voice and singing coach. She is a calendar-year taxpayer using the accrual method of accounting. On November 2, 2015, she received $3,200 for a 2-year contract for 64 one-hour voice and singing lessons beginning on that date. The contract provided that Alayna give 8 lessons in 2015 and 48 lessons in 2016, with the remaining lessons to be given in 2017. What is the amount that Alayna should report on her 2016 return?
a. $3,200
b. $2,400
c. $2,800
d. $0
Ans: c. $2,800
Business
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