For a taxpayer who is not insolvent nor under bankruptcy proceedings, the discharge of debt is generally
A) taxable.
B) nontaxable.
C) partially taxable.
D) None of the above.
A) taxable.
If the taxpayer is solvent at the time of cancellation of debt, discharge of indebtedness is generally includible in gross income.
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All trade secrets are protectable by either patent or copyright laws.
Answer the following statement true (T) or false (F)
SWOT stands for strengths, willingness, opportunities, and threats
Indicate whether the statement is true or false
The publisher of a business magazine wants to make several major changes in the magazine's content and format. Which of the following will enable the publisher to understand the changes that will most likely be welcomed by its readers?
a. Product differentiation b. Cannibalization c. Marketing research d. Planned obsolescence
Which of the following is true regarding the measurement and use of indirect and intangible benefits in capital investment decision making?
A) ABC has made identifying indirect benefits easier. B) Intangible benefits cannot be measured. C) Indirect and intangible benefits should not be considered, only direct costs and benefits are considered. D) Actions by competitors are not considered. E) none of these