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Deerwood Corporation lends its principal shareholder, Lafayette,$1,808,800 on July 1 of the current year. The loan is interest-freeand payable on demand. On December 31, the

Deerwood Corporation lends its principal shareholder, Lafayette,$1,808,800 on July 1 of the current year. The loan is interest-freeand payable on demand. On December 31, the imputed interest rulesa 1 answer

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