The corporation paid mike 2000 to perform the operation, Ask an Expert

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Mike contracted with Kram Company, Mike's controlled corporation. Mike was a medical doctor and the contract provided that he would work exclusively for the corporation. No other doctor worked for the corporation. The corporation contracted to perform an operation for Rosa for $2,400. The corporation paid Mike $2,000 to perform the operation under the terms of his employment contract. How does this information impact Mike's or Kram Company's gross income.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M939080

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