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13) Frank operates a sole proprietorship using the cash method of accounting. This year Frank received the following: $160 in cash from a customer for
13) Frank operates a sole proprietorship using the cash method of accounting. This year Frank received the following: $160 in cash from a customer for services rendered this year . a promise from a customer to pay $188 for services rendered this year tickets to a football game worth $220 as payment for services performed last year a check for $182 for services rendered this year that Bill forgot to cash How much income should Frank realize on Schedule C? A. $562 B. $380 C. $160 D. $348 E. $342 14) Don is a self-employed cardiac surgeon who lives in Minnesota and incurred the following reasonable expenses in 2019. How much can Don|deduct? $1,460 in airfare to repair investment rental property in Colorado. $590 in meals while attending a medical convention in New York. $345 for tuition for an investment seminar, "How to pick stocks." $122 for tickets to a football game with hospital administrators to celebrate successful negotiation of a surgical contract earlier in the day. A. $1,755 "for AGI" B. $102 "for AGI" and $1,805 "from AGI" C. None of the choices are correct. D. $1,805 "for AGI" and $356 "from AGI" E. $536 "for AGI
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