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During the year, the following items were charged to the interest expense account of Doe Corporation: The maximum amount of interest expense that Doe Corporation,
During the year, the following items were charged to the interest expense account of Doe Corporation: The maximum amount of interest expense that Doe Corporation, an accrual basis taxpayer. can deduct for the current year is: 1) $1,600 2) $1,100 3) $1,350 4) $700 5) None of these
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