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Andrea is a retired golf pro who is in the business of giving golf lessons. During the year ended 30 June 2020 he had the

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Andrea is a retired golf pro who is in the business of giving golf lessons. During the year ended 30 June 2020 he had the following transactions: Cash received from customers $64,000 Interest on bank term deposit $2,300 Income received in advance as at 30 June 2019 $3,000 Income received in advance as at 30 June 2020 $5,000 Value of gift vouchers redeemed $1,000 Assuming Andrea uses the accruals basis of accounting what is his assessable income for the year ended 30 June 2020? O $64,300 D. 566,000 Oc $65,300

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