David Purchased a Deli Shop on February 1^st of Last

question 92

Short Answer

David purchased a deli shop on February 1^st of last year and began to operate it as a sole proprietorship. David reports his personal taxes using the cash method over a calendar year, and he wants to use the cash method and fiscal year for his sole proprietorship. He has summarized his receipts and expenses through January 31^st of this year as follows:
What income should David report from his sole proprietorship?

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Definitions:

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The theory that suggests cognitive abilities in animals have evolved to deal with complex and changing environments, providing a survival advantage.

Relative Brain Size

A measure comparing brain size to body size among different species, often used to make inferences about cognitive abilities.

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