Learning objectives Determine when a particular item of income is taxable under both the cash and accrual methods of accounting Apply the rules of sec. 61a to determine whether such items as compensationg dividends, alimony and pensions are taxableLearning Objectives • Determine when a particular item of income is taxable under both the cash and accrual methods of accounting • Apply the rules of sec. 61(a) to determine whether such items as compensation, dividends, alimony, and pensions are taxable