Question
(TCO E) Betty Brewster received the following interest payments. Luggage gift for purchasing a 4-year certificate of deposit (fair-market value): $50 Interest on passbook savings
(TCO E) Betty Brewster received the following interest payments.
Luggage gift for purchasing a 4-year certificate of deposit (fair-market value): $50
Interest on passbook savings account: $15
Interest on certificate of deposit: $200
Dividends on share account savings in credit union: $150
Interest on State of Mississippi bonds issued to finance state highway construction: $300
What is the amount of interest income to be included in income?
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CPA Excel Auditing And Attestation
Authors: Robert A. Prentice
1st Edition
0977165876, 978-0977165872
