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Anne loaned her friend Aaron $8,000. He repaid her with $8,500 twelve months later. What amount must Anne include in her income tax return for
Anne loaned her friend Aaron $8,000. He repaid her with $8,500 twelve months later. What amount must Anne include in her income tax return for the year?
| A. | $600 | |
| B. | Nil | |
| C. | $500 | |
| D. | $8,500 |
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Advances In Quantitative Analysis Of Finance And Accounting - New Series
Authors: Lee Cheng Few
2nd Edition
9812386696, 9789812386694
