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Business, 17.12.2019 02:31 kimmosley80

Swan finance company, an accrual method taxpayer, requires all of its customers to carry credit life insurance. if a customer dies, the company receives from the insurance company the balance due on the customer's loan. ali, a customer, died owing swan $1,500. the balance due included $200 accrued interest that swan has included in income. when swan collects $1,500 from the insurance company, swan:

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