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Flora and earl also received a 100 check for opening up a

Question - Flora and Earl (file jointly) received the following investment income in the current year:

Qualified dividends on Cargill stock $4,000

United States Treasury bonds $ 250

Interest on State of Oregon bonds $ 200

Interest on Federal tax refund $ 150

Interest on loan to Earl's niece 75

The loan to Earl's niece was at a market interest rate. Flora and Earl also received a $100 check for opening up a new brokerage account to buy the Cargill stock. What is Flora and Earl's investment income?

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Accounting Basics: Flora and earl also received a 100 check for opening up a

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Prepared by a verified Expert

Accounting Basics: Flora and earl also received a 100 check for opening up a

Reference No:- TGS02795147

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