ACCT 324 Entire Course (Updated) Click on the link below to get Entire Course https://devryfinalexams.com/product/acct-324-final-exam-updated/ Product Description ACCT 324 Final Exam (Updated) 1. (TCOs 2 and 3) On January 1, 2012, Jasmine made a $50,000 interest-free loan to her son, Jason, who used the money to retire a mortgage on his personal residence. Jason's only sources of income were a salary of $75,000 and $1,500 interest income on a savings account. The relevant federal interest rate was 6%. Based on the above information, for 2012, _____. (Points : 5) Jason is not required to recognize the interest income from the bank account. Jasmine must recognize $3,000 interest income from the loan Jasmine must recognize $1,500 interest income from the loan Jasmine must recognize $3,045 interest income from the loan Jasmine recognizes no imputed interest income from the loan Question 2.2. (TCOs 3, 4, 5, and 7) Which of the following is not a requirement for alimony deductions under post-1984 decrees and agreements? (Points : 5) The payments must end on the death of the payee. ACCT 324 Entire Course (Updated) Click on the link below to get Entire Course https://devryfinalexams.com/product/acct-324-final-exam-updated/