On September 25, Bramble provided services to two clients and billed the clients a total of $700.

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On September 25, Bramble provided services to two clients and billed the clients a total of $700. On October 15, both clients paid their invoice in full. Bramble's cost related to this sale was $430 in salaries, which was paid on October 3.

Assuming Bramble has a September 30 year end, What should be the business's profit on the September 30 financial statements?

Related Book For answer-question

South-Western Federal Taxation 2018 Comprehensive

ISBN: 9781337386005

41st Edition

Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young

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Posted Date: Apr 17, 2024 06:29 AM

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On September 25, Bramble provided services to two clients and billed the clients a total of $700.

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South-Western Federal Taxation 2018 Comprehensive

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