Question
Sergio acquires a $100,000 Ternco Corporation bond (5%, 20year bond) on January 1, 2019 for $75,000. The bond had been issued on January 1, 2017.
Sergio acquires a $100,000 Ternco Corporation bond (5%, 20year bond) on January 1, 2019 for $75,000. The bond had been issued on January 1, 2017. If Sergio holds the bond to maturity, at redemption he will recognize
.
A. $0 gain or loss.
B.ordinary income.
C.a mix of ordinary income and longterm capital gain.
D.a longtermcapital gain.
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Internal Auditing For Hospitals
Authors: Seth Allcorn
1st Edition
0894431633, 978-0894431630
