Business, 15.04.2020 21:07 enevjordan

Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided to forgive one of her most recent loans, an amount of $45,000. After the loan was discharged, Deb had total assets of $232,000 and her remaining loans total $217,000. What amount must Deb include in her gross income?

A) $15,000
B) $45,000
C) $30,000
D) $28,000
E) Zero - Deb was not solvent when the loan was discharged

Answers: 2

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Deb has found it very difficult to repay her loans. Because of these difficulties, the bank decided...

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