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Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $220 in cash from a customer for services
Bill operates a proprietorship using the cash method of accounting, and this year he received the following:
$220 in cash from a customer for services rendered this year
a promise from a customer to pay $176 for services rendered this year
tickets to a football game worth $190 as payment for services performed last year
a check for $194 for services rendered this year that Bill forgot to cash
How much income should Bill realize on Schedule C?
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