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Question 35 Bill operates his business using the cash method and received the following this year: $300 in cash from a customer for services to

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Question 35 Bill operates his business using the cash method and received the following this year: $300 in cash from a customer for services to be rendered next year - $200 promise to pay from a customer for services rendered this year Tools worth $250 as payment for services performed last year. . How much income should Bill recognize? $750 $500 $550 None of the choices are correct. $450

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