Business, 15.07.2020 03:01 lovelyheart5337

Blue Corporation (a seller of goods to Cedar Corporation) has made loans to Cedar Corporation, which become worthless in the current year. A. The loans provide Blue Corporation with a business bad debt deduction.
B. Blue Corporation cannot claim a deduction for the worthless loans.
C. The loans provide a non-business bad debt deduction to Blue Corporation.
D. None of the above.

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Blue Corporation (a seller of goods to Cedar Corporation) has made loans to Cedar Corporation, which...

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