Question
(3) Kim rented out summer home for 160 days and used it personally for 40 days. He paid $2,000 for repairs and $3,000 for utilities.
(3) Kim rented out summer home for 160 days and used it personally for 40 days. He paid $2,000
for repairs and $3,000 for utilities. Rental income was $10,000. What is Kim's net rental
income?
a. $6,000 b. $5,200 c. $5,400 b. $0
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The Impact Of Globalization On International Finance And Accounting
Authors: David Procházka
1st Edition
3319687611, 9783319687612
