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Green Hill Corporation, which operates a department store, sells one washing machine to David, the...

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Accounting

Green Hill Corporation, which operates a department store, sells one washing machine to David, the store employee for $250. Green Hill Corporation charges their regular customers $400 for the same washing machine, and the cost of this washing machine is $300. Furthermore, The Green Hill Corporation sells David a service contract in connection with this appliance for $70; the regular customer price for this type of service contracts is $100. How much should David include in his gross income as a result of his purchases?

Group of answer choices

$70

$100

$60

$150

Answer & Explanation Solved by verified expert
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