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Al is a medical doctor who conducts his practice as a sole proprietor. During 2 0 2 3 , he received cash of $ 3
Al is a medical doctor who conducts his practice as a sole proprietor. During he received cash of $ for medical services. Of the amount collected, $ was for services provided in At the end of Al had accounts receivable of $ all for services rendered in In addition, at the end of the year, Al received $ as an advance payment from a health maintenance organization HMO for services to be rendered in
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a Compute Al's gross income for using the cash basis of accounting.
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