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In 2016 Anna borrowed $10,000. In 2021 the debt was forgiven. Anna does not believe...

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Accounting

In 2016 Anna borrowed $10,000. In 2021 the debt was forgiven. Anna does not believe she should report the forgiveness of debt as income because she received nothing at the time the debt was forgiven in 2021. Do you agree or disagree? Support your position.

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