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Augustus1 Augustus1
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Posts: 1894
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7 years ago
Christopher, a cash basis taxpayer, borrows $1,000 from ABC bank by issuing a 3-month note on December 1, 2010. Christopher receives $940 but must repay $1,000 on the due date. The amount of interest expense deductible in 2010 is $20.
Textbook 
Prentice Hall's Federal Taxation: 2011: Individuals

Prentice Hall's Federal Taxation: 2011: Individuals


Edition: 14th
Authors:
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We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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Yoko900Yoko900
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7 years ago
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Augustus1 Author
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7 years ago
I needed this so bad, I'm laughing right now from happiness
We do not judge the people we love.

Prentice Hall's Federal Taxation by Kramer
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