Examlex

Solved

Rachel Paid $1,000 for Supplies in 2013

question 53

Multiple Choice

Rachel paid $1,000 for supplies in 2013. In 2014, the vendor finds a $200 mistake on the invoice and refunds the overpayment to Rachel. Which of the following doctrines or concepts is the least helpful in determining how the 2014 transaction should be reported for tax purposes?


Definitions:

Related Questions