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Author Question: Sergio acquires a $100,000 Ternco Corporation bond (5%, 20-year bond) on January 1, 2016 for ... (Read 42 times)

lracut11

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on: Sep 13, 2020

Question 1

Rana purchases a 5%, $100,000 corporate bond at issuance on January 1, 2016 for $91,500.  The bond matures in five years.  In 2016 Rana will recognize interest income of
◦ $0.
◦ $5,000.
◦ an amount less than $5,000 (but more than $0).
◦ an amount greater than $5,000.

Question 2

Sergio acquires a $100,000 Ternco Corporation bond (5%, 20-year bond) on January 1, 2016 for $75,000. The bond had been issue on January 1, 2014. If Sergio hold the bond to maturity, at redemption he will recognize
◦ $0 gain or loss.
◦ ordinary income.
◦ a long-term capital gain.
◦ a mix of ordinary income and long-term capital gain.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by lracut11 on Sep 13, 2020

juiceman1987

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lracut11

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Reply 2 on: Sep 13, 2020
Excellent

softEldritch

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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