Question: 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

Question 35 Bill operates his business using the cash method and

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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