Question
Hoong loaned his friend Sabrina $3,000 on 1 September 2020. She paid him $3,300 6 months later on 1 March 2021. What amount must Hoong
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Hoong loaned his friend Sabrina $3,000 on 1 September 2020. She paid him $3,300 6 months later on 1 March 2021. What amount must Hoong include in his income tax return for the 2020 income year?
a. $3,300
b. Nil
c. $3,000
d. $300
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
