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?

Question

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:

David purchased a deli shop on February 1<sup>st</sup> 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<sup>st</sup> of this year as follows: What income should David report from his sole proprietorship?

What income should David report from his sole proprietorship?

Quizplus · Accepted Answer

The Answer of 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?

David Purchased a Deli Shop on February 1st of Last

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