Bill operates a proprietorship using the cash method of accounting, and this year he received the following:

• $280 in cash from a customer for services rendered this year
• a promise from a customer to pay $164 for services rendered this year
• tickets to a football game worth $160 as payment for services performed last year
• a check for $206 for services rendered this year that Bill forgot to cash

How much income should Bill realize on Schedule C?

Multiple Choice

$280

$440

$444

$486

$646

Answer rating: 100% (QA)

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