Question: Discussion Question 7 - 2 ( LO . 1 ) Ron, a cash basis taxpayer, sells his business accounts receivable of $ 1 0 0

Discussion Question 7-2(LO.1)
Ron, a cash basis taxpayer, sells his business accounts receivable of $100,000 to Felicia
for of the actual accounts receivable). What is the amount and
classification of Ron's bad debt deduction?
Ron has
debt deduction because he is a cash basis taxpayer.
Ron has $
of
Discussion Question 7-2(LO.1) Ron, a cash basis taxpayer, sells his business

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