22 Regarding business and nonbusiness bad debts, which one of the following statements is true? O a business bad debt is deductible as an ordinary loss, and a nonbusiness bad debt is deductible as a short-term capital loss, business bad debt is deductible as a capital loss, and a nonbusiness bad debt is not deductible at all a business bad debt is deductible as an ordinary loss, and a nonbusiness bad debt is not deductible at all, a business bad debt is deductible as a short-term capital loss, and a nonbusiness bad debt is deductible as an ordinary loss