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Unformatted text preview: D:E 9:1 b) Not good. Interest only payable from income c) Very risky, joint liability tough. d) Only risky for A. OK though. e) At least interest is only problem, maybe principal will be OK. p157) a) Would be STCL where loss is non-bus bad debt. No growth potential. b) CL if worthless. No growth potential. c) CL. Upside potential for growth. d) Potential for growth, but less secure. e) More predictable than CS, better security, little growth potential. f) No 1244 treatment, capital @ 1,000,000 g) No 1244, only for original issue, no gift. h) OK....
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This note was uploaded on 10/06/2008 for the course ACC 600 taught by Professor Livingstone during the Spring '08 term at UNC Greensboro.
- Spring '08