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nydimaria [60]
3 years ago
12

Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $170 in cash from a

customer for services rendered this year a promise from a customer to pay $186 for services rendered this year tickets to a football game worth $215 as payment for services performed last year a check for $184 for services rendered this year that Bill forgot to cash How much income should Bill realize on Schedule C
Business
1 answer:
zmey [24]3 years ago
5 0

Answer:

$569

Explanation:

Cash from a customer for services rendered $170

Tickets to a football game worth $215

Check for services rendered $184

Total $569

Therefore Bill should realized income of $569 on Schedule C because Income is realized as property is received but the promise to pay is not property (unless accompanied by a note receivable).

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Answer:

to generate prosperity and produce goods and services that meet people's needs and improve their lives.

Explanation:

Because businesses cannot outgrow the economy of their communities

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3 years ago
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alekssr [168]

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3 years ago
Which type of report usually lists just transactions?
Crank

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3 0
3 years ago
The seller agrees to pay the listing real estate agent a commission of 5%. The property is listed at $400,000, the buyer offers
Viktor [21]

Answer:

C. $20,000

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7 0
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Fynjy0 [20]

Answer:

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