Question
Joanna received $59,400 compensation from her employer, the value of her stock in ABC company appreciated by $6,000 during the year (but she did not
Joanna received $59,400 compensation from her employer, the value of her stock in ABC company appreciated by $6,000 during the year (but she did not sell any of the stock), she received $26,200 of life insurance proceeds from the death of her husband. What is the amount of Joanna's gross income from these items?
Multiple Choice
- $65,400.
- $85,600.
- $59,400.
- $91,600.
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Principles Of Financial Accounting
Authors: Jerry J. Weygandt, Michael J. Atkins, Donald E. Kieso, Paul D. Kimmel, Valerie Ann Kinnear, Barbara Trenholm, Joan E. Barlow
1st Canadian Edition
1118757149, 978-1118757147
