Donna is the sole proprietor of Cherry Hill Hair that reported net income of $44,000 for the

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Donna is the sole proprietor of Cherry Hill Hair that reported net income of $44,000 for the year. During the year she withdrew $20,000 from the business for personal use.

How much income from the above must Donna include in her taxable income for the year?

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College Accounting Chapters 1-30

ISBN: 978-0077862398

14th edition

Authors: John Price, M. David Haddock, Michael Farina

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Posted Date: May 19, 2023 03:01 AM

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Donna is the sole proprietor of Cherry Hill Hair that reported net income of $44,000 for the

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As a sole proprietor Donnas taxable income is calculated by considering the ... View the full answer

College Accounting Chapters 1-30

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