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1. Sitting in the bleachers, you catch a baseball hit by a famous slugger. The ball is worth $10,000. You keep it. a. How much
1. Sitting in the bleachers, you catch a baseball hit by a famous slugger. The ball is worth $10,000. You keep it.
a. How much income do you have?
b. If you immediately sell the ball, how much further income should you report?
c. Would there be any difference in result if you successfully stole the ball?
Note: to consider Glenshaw Glass case
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