90.2K
Verified Solution
Link Copied!
4 Bea, a cash basis taxpayer, operates a small retail store. Her books show the following income items for the year:
Sales paid, $72,000.
Sales unpaid, $3,500.
Sale of cardboard packaging to recycling company, $2,500.
What does Bea report as her gross income on her Schedule C?
Answer & Explanation
Solved by verified expert