LO.6 Wren Corporation makes a loan evidenced by a written note to its sole shareholder, James. The
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LO.6 Wren Corporation makes a loan evidenced by a written note to its sole shareholder, James. The loan is collateralized by James’s cabin in the Lake Superior area, but the loan is interest-free. Discuss whether the advance is a bona fide loan. Will you need additional information to complete your analysis? If so, describe what information you will need.
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Related Book For 
South Western Federal Taxation 2013 Corporations Partnerships Estates And Trusts
ISBN: 9781133495574
36th Edition
Authors: William H. Hoffman, William A. Raabe, James E. Smith, David M. Maloney
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