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Problem 1: A janitor works at a company. The janitor lent their company $10,000 but was unable to collect it because the company went bankrupt a year after the loan was made. Janitor did not own any stock in the company, and the loan was not a condition of employment. How should the janitor report this loss?
A Long term Capital LossB Short term Capital LossC Business Bad DebtD Nondeductible Loss
Using accounting software takes operating costs into consideration and shows where nonprofitable products are losing money. How does this software tool help to more accurately assess an item's profitability? Do you think that this software is bene..
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