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Question - Is it a debt waiver fringe benefit

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Question - Is it a debt waiver fringe benefit?

A. Mary owes $5,000 to her company. Her company decided to waive $1,000 debts.

B. Johnson, the director and shareholder of the company. He borrowed $5,000 from the company which has been waived by the company. The company's policy is not to lend money to its employee.

Reference no: EM132607052

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