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Kendra owned all of the following bonds. Which of bonds yields interest income that is taxable? Select one: a. U.S. Treasury bonds b. Both US

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Kendra owned all of the following bonds. Which of bonds yields interest income that is taxable? Select one: a. U.S. Treasury bonds b. Both US Treasury Bonds and Bonds issued by the City of Montreal Canada. c. Bonds issued by the State of New York d. Bonds issued by the city of Montreal Canada e. Bonds issued by the Los Angeles Port. The 12-month rule allows taxpayers to deduct the entire amount of certain prepaid business expenses. Select one: True False

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