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For which of the following sources of income would the entire amount be required to be included in a business gross income and taxed in

For which of the following sources of income would the entire amount be required to be included in a business gross income and taxed in the current year?

a. Prepaid rent received by a cash-method company

b. Life insurance proceeds c. State and local bond interest

d. None of the above

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Intermediate Financial Management

Intermediate Financial Management

Authors: Eugene F. Brigham, Phillip R. Daves

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978-1111530266

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