Joe is a plumber and has 50,000 in revenue for the year. What can you definitely conclude? Joe collected less than 50,000 cash he collected 50000 cash from his customers he did 50000 of plumbing work for his customers
Joe is a plumber and has 50,000 in revenue for the year. What can you definitely conclude? Joe collected less than 50,000 cash he collected 50000 cash from his customers he did 50000 of plumbing work for his customers
Chapter7: Deductions And Losses: Certain Business Expenses And Losses
Section: Chapter Questions
Problem 20CE
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Joe is a plumber and has 50,000 in revenue for the year. What can you definitely conclude?
Joe collected less than 50,000 cash
he collected 50000 cash from his customers
he did 50000 of plumbing work for his customers
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