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From the Records of Tom, a Cash Basis Sole Proprietor

Question 85

Multiple Choice

From the records of Tom, a cash basis sole proprietor, the following information was available: What amount should Tom report as net earnings from self-employment?
From the records of Tom, a cash basis sole proprietor, the following information was available: What amount should Tom report as net earnings from self-employment? A) $10,900 B) $11,300 C) $11,400 D) $14,400 E) None of the above


A) $10,900
B) $11,300
C) $11,400
D) $14,400
E) None of the above

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