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Joanna received $67,800 compensation the value of her stock in ABC from her employer, company appreciated by $5,500 during the year (but she did not sell any of the stock), she received $27,200 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items? Multiple Choice 1. $67,800. 2. $73,300. 3. $100,500. 4. $95,000.

Joanna received $67,800 compensation the value of her stock in ABC from her employer, company appreciated by $5,500 during the year (but she did not sell any of the stock), she received $27,200 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items? Multiple Choice 1. $67,800. 2. $73,300. 3. $100,500. 4. $95,000.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Joanna received $67,800 compensation the value of her stock in ABC from her employer, company appreciated by $5,500 during the year (but she did not sell any of the stock), she received $27,200 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items? Multiple Choice 1. $67,800. 2. $73,300. 3. $100,500. 4. $95,000.
Transcribed Image Text:Joanna received $67,800 compensation the value of her stock in ABC from her employer, company appreciated by $5,500 during the year (but she did not sell any of the stock), she received $27,200 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items? Multiple Choice 1. $67,800. 2. $73,300. 3. $100,500. 4. $95,000.
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