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Which Statement Is Not True Concerning Installment Contracts and Unstated

Question 17

Multiple Choice

Which statement is not true concerning installment contracts and unstated interest?


A) Unstated interest increases the sale price
B) Unstated interest results in income to the seller
C) The buyer is entitled to an interest deduction for paying unstated interest
D) Unstated interest sometimes must be taken into account even if a stated rate of interest is included in the sales contract

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