balanced gross profit , accounting homework help

timer Asked: Oct 17th, 2016
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Question Description

in need this letter in another form.

I am writing in response to your request concerning the effects on your 2016 adjusted gross income of selling IBM stock and using some of the proceeds to purchase an automobile to be used in your business.

If the stock was not sold and the car was not purchased, your adjusted gross income would be $198,000. If the stock was sold and the car was purchased, your adjusted gross income would be $201,840. The supporting calculations follow.

Tutor Answer

School: University of Virginia


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