Ashley had $10,000 in credit card debt. She negotiated a settlement with the credit card company. Ashley paid $5,000 of the credit card debt, and the credit card company agreed to cancel $5,000 of the debt. If Ashley has total assets of $27,000 and total liabilities of $25,000 immediately before the debt was cancelled, what amount of gross income does Ashley have as a result of the credit card company cancelling $6,000 of her debt?

Answer rating: 100% (QA)

6000 is the answer Immediately before the debt was cancelled Ashley has total assets 270... View the full answer