Business, 11.07.2019 01:00, jellydemara208

Last year, lucy purchased a $100,000 account receivable for $90,000. during the current year, lucy collected $97,000 on the account. what are the tax consequences to lucy associated with the collection of the account receivable? no subsequent collections are expected

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Last year, lucy purchased a $100,000 account receivable for $90,000. during the current year, lucy c...