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In 2012, Gerald loaned Main Street Bakery $54,000. In 2013, he learned that he would probably receive only $10,800 of the loan. In 2014, Gerald
In 2012, Gerald loaned Main Street Bakery $54,000. In 2013, he learned that he would probably receive only $10,800 of the loan. In 2014, Gerald received $5,400 in final settlement of the loan. Calculate Geralds possible deductions with respect to the loan for 2012, 2013, and 2014.
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Auditing And Assurance Services
Authors: William Messier, Steven Glover, Douglas Prawitt
6th International Edition
