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X agrees to sell Blackacre to Y for $100, but X also has the option to buy Blackacre back for $100 plus interest at 6%.
X agrees to sell Blackacre to Y for $100, but X also has the option to buy Blackacre back for $100 plus interest at 6%. Does X have gain? Is this really a "loan"?
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Frank Woods Business Accounting Volume 1
Authors: Frank Wood, Alan Sangster
11th Edition
0273712128, 978-0273712121
