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Part
On May Janya Boutillier purchases an investment contract with a maturity value of $ comma These investment contracts were issued May and mature on April with annual interest of Interest is paid for the period May to December on December The remaining interest is only payable on April With respect to the minimum interest that must be recognized for income tax purposes, which of these statements is correct?
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Part
A
Janya will not have to include any interest in income for and $ comma in
B
Janya will not have to include any interest in income for and $ comma in
C
Janya will not have to include any interest in income for or
D
Janya will have to recognize $ comma in income for and $ comma in
