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William, a Cash-Basis Sole Proprietor, Had the Following Receipts and Disbursements

Question 64

Multiple Choice

William, a cash-basis sole proprietor, had the following receipts and disbursements for the current year: ​
William, a cash-basis sole proprietor, had the following receipts and disbursements for the current year: ​ For the current year, what amount should William report as net earnings from self-employment? A) $13,400 B) $14,000 C) $15,000 D) $20,000 E) None of the above For the current year, what amount should William report as net earnings from self-employment?


A) $13,400
B) $14,000
C) $15,000
D) $20,000
E) None of the above

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