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Business, 07.03.2020 03:11 shai56

A cash-basis sole proprietor had the following cash receipts and disbursement for the year: Net sales - $80,000 Cost of goods sold - $40,000 Operating expenses - $20,000 Employee payroll taxes - $3,000 Dividend income - $900 Interest income from a personal savings account $200 What is the amount of reported net profit reported on Schedule C

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A cash-basis sole proprietor had the following cash receipts and disbursement for the year: Net sale...
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