Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 29 of 100 Amara is a sole proprietor who operates her business using the cash method of accounting and a calendar year. Based
Question 29 of 100 Amara is a sole proprietor who operates her business using the cash method of accounting and a calendar year. Based on the following list, how much income will be reported on her 2022 Schedule C? $10,000 check received January 4, 2023, for job completed December 20, 2021. $15.000 check received December 29, 2022, for job completed December 28, 2022, deposited January 6, 2022 $9,500 balance due for work that Amara performed in June 2021. Amara took her client to small claims court in December 2021, but did not receive any satisfaction O 50,500 $15,000 $10,500 O $25,000 Mark for follow up
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started