Question: QUESTION 2 9 Mary incurred a $ 2 0 , 0 0 0 nonbusiness bad debt last year. She also h $ 1 2 ,

QUESTION 29
Mary incurred a $20,000 nonbusiness bad debt last year. She also h $12,000 on the debt. How should Mary account for the collection?
a. $0 income
b. $8,000 income
c. $11,000 income
d. $12,000 income
UESTION 30
QUESTION 2 9 Mary incurred a $ 2 0 , 0 0 0

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