Question
Jack received cash flows from the following sources in 2017 1) salary shown on his W-2 of $24,000 2) interest on saving account of $700
Jack received cash flows from the following sources in 2017
1) salary shown on his W-2 of $24,000 2) interest on saving account of $700 3) Unrealized appreciation on stocks owned of $2,000 4) Gift from Aunt Sallie of $500
What is Jack's gross income for 2017?
Select one:
a. 26,000
b. 24,700
c. 26,700
d. 27,200
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Accounting In Business
Authors: R. J. Bull
5th Edition
0408014865, 978-0408014861
