A mechanic and a graphic artist agree to trade their services. The mechanic provides services...

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Accounting

  1. A mechanic and a graphic artist agree to trade their services. The mechanic provides services valued at $1000, and the graphic artist provides services worth $900. What amount should the mechanic report as income or expense?

  1. $100 expense

  1. $100 income

  1. $900 income

  1. $900 expense

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