[Solved] Dr.Lubnaisacashbasistaxpayer.Normally,her

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Dr.Lubnaisacashbasistaxpayer.Normally,herpatientspayherfeeon thedaytheyseeherintheoffice.Forsomecustomers,herofficeprocessesa medicalreimbursementclaimandbillstheinsurancecompanyforthevisit.In 2019,herrecords revealthefollowing: Cashreceivedattimeofofficevisit$70,000 Collectionsoninsurancereceivables88,000 Totalaccountsreceivable,January1,20195,000 Totalaccountsreceivable,December31,201915,000 Allofthereceivablesoutstandingatthebeginningoftheyearwerecollected duringtheyear.WhatamountshouldDr.Lubnareportasherincomefor 2019? A.$70,000. B.$168,000. C.$158,000. D.$173,000. E.some other amount.

Dr.Lubnaisacashbasistaxpayer.Normally,herpatientspayherfeeon thedaytheyseeherintheoffice.Forsomecustomers,herofficeprocessesa medicalreimbursementclaimandbillstheinsurancecompanyforthevisit.In 2019,herrecords revealthefollowing:

Cashreceivedattimeofofficevisit$70,000

Collectionsoninsurancereceivables88,000

Totalaccountsreceivable,January1,20195,000

Totalaccountsreceivable,December31,201915,000

Allofthereceivablesoutstandingatthebeginningoftheyearwerecollected duringtheyear.WhatamountshouldDr.Lubnareportasherincomefor 2019?

A.$70,000.

B.$168,000.

C.$158,000.

D.$173,000.

E.some other amount.

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