a cancellation of debt being included in income results if the?

Question 6 of 75. A cancellation of debt being included in income results if the Canceled debt was intended as a gift. O Debtor was insolvent by more than the amount of the canceled debt. Debtor was solvent at the time of debt cancellation. O Debt was canceled through a Chapter 7 bankruptcy. Mark for follow up Question 7 of 75. Which of these cancellations of debt would be includable in income? O Recourse debt. O Nonrecourse debt. O Debt cancellation intended to be a gift. O Purchase price reduction. Mark for follow up Question 8 of 75. An individual who is not personally liable for a debt does not have o unless the individual_ O Retains the collateral. Retains the collateral and the lender offers a discount for the early pl O Returns the collateral to the lender. O Returns the collateral and the lender agrees to a loan modification, Mark for follow up Question 7 of 75. Which of these cancellations of debt would be includable in income? Recourse debt. Nonrecourse debt. Debt cancellation intended to be a gift. O Purchase price reduction. Mark for follow up Question 8 of 75. An individual who is not personally liable for a debt does not have unless the individual O Retains the collateral. O Retains the collateral and the lender offers a discount for the early O Returns the collateral to the lender. Returns the collateral and the lender agrees to a loan modification, Mark for follow up Question 9 of 75. A reamortized loan is O An uncollectible loan on real property. O A loan where the interest rate has been lowered