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to pay Rider $6,500 per year for three years plus interest. The installment obligations are worth $19,500. Read the requirements. minus sign to enter a
to pay Rider $6,500 per year for three years plus interest. The installment obligations are worth $19,500. Read the requirements. minus sign to enter a loss.) The amount Rider must report in the year of the sale is Requirements a. How much gain or loss does Rider report in the year of the sale? b. When does Rider report the interest income from the sale? c. Does Rider report gain or loss when he collects the installment payments
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