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Bill operates a proprietorship using the cash method of accounting, and this year he received...

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Accounting

Bill operates a proprietorship using the cash method of accounting, and this year he received the following:

  • $290 in cash from a customer for services rendered this year
  • a promise from a customer to pay $162 for services rendered this year
  • tickets to a football game worth $155 as payment for services performed last year
  • a check for $208 for services rendered this year that Bill forgot to cash

How much income should Bill realize on Schedule C?

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