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Bethell Management performed consulting services for one client and was paid $3,000. It performed consulting services for another client in exchange for tax preparation services for which it normally would be billed $2,000. It purchased from a third client a computer whose retail price was $1,000 but which was on sale for $750. How much of these amounts received does it have to include in its gross income?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M998725

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