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Business, 22.04.2020 17:59 tydukes10

Wren Corporation (a minority shareholder in Lark Corporation) has made loans to Lark Corporation that become worthless in the current year:

a. The loans provide Wren Corporation with a business bad debt deduction.

b. The loans result in a nonbusiness bad debt deduction to Wren Corporation.

c. Wren Corporation is not permitted a deduction for the loans.

d. Wren claims a capital loss due to the uncollectible loans.

e. None of these choices are correct.

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