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Perle, a dentist, billed wood $600 for dental services. wood paid perle $200 cash and built a bookcase for perle’s office in full settlement of the bill. wood sells comparable bookcases for $350. what amount should perle include in taxable income as a result of this transaction?
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Perle, a dentist, billed wood $600 for dental services. wood paid perle $200 cash and built a bookca...
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