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1 . The TP s sole proprietorship had the following revenues and expenses during 2 0 2 3 : Sales Revenue $ 5 1 0
The TPs sole proprietorship had the following revenues and expenses during :
Sales Revenue $
Sales Returns $
Cost of Goods Sold $
Interest Expense on business loan $
CarTruck Expense repairs gas, oil, etc. $
Taxes and licenses $
Depreciation $
Utilities $
Wages to sales staff $
Fee paid to CPA for Schedule C $
The net profit for the sole proprietorship would be $ and it would be reported on
Group of answer choices
$ Schedule C Line
$ Schedule C Line
$ Schedule C Line
$ Schedule C Line
Based on the information contained in Question above, the only correct entry for the TP to report based on the following choices would be:
Group of answer choices
$ on Schedule Line
$ on Schedule Line
$ on Schedule SE Line
$ on Schedule SE Line
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