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What is the assessable income

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Question - Danny opened a new business. During the year, there was sales income of $50,000 and purchases of $20,000. Trading stock valued at $750 was stolen. The closing balance of stock at the end of the current income year was $4,500 after any reduction due to theft. What is the assessable income from trading for the current income year?

Reference no: EM133001576

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