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Wren Corporation (a minority shareholder in Lark Corporation) has made loans to Lark Corporation that become worthless in the current year. a. Wren Corporation is
Wren Corporation (a minority shareholder in Lark Corporation) has made loans to Lark Corporation that become worthless in the current year. a. Wren Corporation is not permitted a deduction for the loans. b. The loans result in a nonbusiness bad debit deduction to Wren Corporation Oc. Wren daims a capital loss due to the uncollectible loans. d. The loans provide Wren Corporation with a business bad debt deduction e. None of these choices are correct
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