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Sean is in the business of buying and selling stocks and

Sean is in the business of buying and selling stocks and bonds. He has a bond of Green Corporation for which he paid $200,000. The bond is currently worth only $50,000. Discuss whether Sean can take a $150,000 loss for a business bad debt or for a worthless security.

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Accounting Basics: Sean is in the business of buying and selling stocks and

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Accounting Basics: Sean is in the business of buying and selling stocks and

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