Business, 22.06.2019 13:00 Diego4519

Al is a medical doctor who conducts his practice as a sole proprietor. during 2018, he received cash of $280,000 for medical services. of the amount collected, $40,000 was for services provided in 2017. at the end of 2018, al had accounts receivable of $60,000, all for services rendered in 2018. in addition, at the end of the year, al received $12,000 as an advance payment from a health maintenance organization (hmo) for services to be rendered in 2019. compute al's gross income for 2018:

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Al is a medical doctor who conducts his practice as a sole proprietor. during 2018, he received cash...
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