Question: What, if any, tax consequences will arise if the corporation repays the entire loan to Susan in the next tax year? Question 3Select one: a.

What, if any, tax consequences will arise if the corporation repays the entire loan to Susan in the next tax year? Question 3Select one: a. Taxable income of $10,000 b. There will be no tax consequences due to the loan repayment. c. Nontaxable income of $5,000 d. Taxable income of $20,000

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