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Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
Edition 4ISBN: 978-0078110993 Exercise 20
A person is selling some property and wishes to obtain payment partially in cash with the remainder in the form of a carryback note receivable.
a. Why might the seller wish to increase the sales price and reduce the interest rate on the carryback note? Assume that the cash down payment and the total amount of payments will not change.
b. Would the buyer likely agree to the increased price and decreased interest rate? Why or why not?
a. Why might the seller wish to increase the sales price and reduce the interest rate on the carryback note? Assume that the cash down payment and the total amount of payments will not change.
b. Would the buyer likely agree to the increased price and decreased interest rate? Why or why not?
Explanation
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a. The seller is likely interested in ma...
Fundamentals of Taxation 2011 4th Edition by Ana Cruz, Debra Prendergast, Dan Schisler, Michael Deschamps
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