11. Mike transferred a property to ann as part of their divorce. however, ann also assumed the liabilities associated with the property. under '1041, how is mike's relief from this liability treated? A. it may be excluded from income as a gift.

B. it may be treated as a cash payment of alimony.

C. it is treated as the equivalent of the receipt of cash.

D. it is cancellation of indebtedness income.