Zoe Corporation loans Beth, an employee, $100,000 on January 1,20X1 on an interest free basis....
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Accounting
Zoe Corporation loans Beth, an employee, $ on January X on an interest free basis. The loan is repayable by Beth at the end of three years, ie December X Assume the applicable federal rate with respect to such loan is percent.
A What are the consequences to Zoe Corp. for X
B What are the consequences to Beth for X
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