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AC 309 Unit 2 Chapter Problems $ 15.00
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Product Description Unit 2 Chapter Problems
Perform Chapter 4 Problems 29 , 35 , 40 , 53 ( pages 4-38,39,40 & 43 in the text ) and Chapter 5 Problems 5 , 8 , 9 , 11 , 17 ( pages 5-31 & 32 in the text )
29 . LO . 1 Determine the taxpayer ’ s gross income for tax purposes in each of the following situations :
a . Deb , a cash basis taxpayer , traded a corporate bond with accrued interest of $ 300 for corporate stock with a fair market value of $ 12,000 at the time of the exchange . Deb ’ s cost of the bond was $ 10,000 . The value of the stock had decreased to $ 11,000 by the end of the year .