Multiple Choice
Vera has a key supplier for her business who was facing cash flow problems which would impair Vera's ability to get shipments of key components for her production.Vera made a $10,000 loan to the supplier.Unfortunately the supplier filed for bankruptcy and has gone out of business without repaying Vera.Vera will be able to recognize a loss of
A) $10,000.
B) $3,000.
C) $7,000.
D) 0)
Correct Answer:

Verified
Correct Answer:
Verified
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