Question
Interest income is reported as dividend income on Form 1099-DIV when it comes from _______. On August 31, 2017, Michael purchased a 13-week, $10,000 Treasury
Interest income is reported as dividend income on Form 1099-DIV when it comes from _______.
On August 31, 2017, Michael purchased a 13-week, $10,000 Treasury bill for $9,896. When the bill matured, he received $10,000. How does he report the $104 in interest?
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Accounting For Non-Accountants
Authors: David Horner
10th Edition
0749472812, 978-0749472818
