Solved: Reimbursement included in angela income, Accounting Basics

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Reimbursement included in angela income

Problem:

Angela Bennett is an employee at Coopers and Smith CPA firm. Angela, a part-time student, is working on her graduate degree in history. Coopers & Smith which has an educational assistance program reimburses Angela $6,000 of her educational expenses she incurred in the year.

What amount, if any, of Coopers & Smith's reimbursement will be included in Angela's income?

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Accounting Basics: Reimbursement included in angela income

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