Which of the following statements regarding the reporting of sale of stock is true

Mark for follow up Question 64 of 75 Which of the following accurately completes the following statement? An individual who is not personally liable for a debt does not have ordinary income from the cancellation of the debt unless The individual retains the collateral O The individual retains the collateral and the lender offers a discount for the early payment of the debt. O The individual returns the collateral to the lender Question 59 of 75 Which of the following is an example of nonrecourse debt? An automobile lease O A home mortgage where the buyer is personally liable for the debt A personal loan for which the borrower is not personally responsible Any business debt that is secured by collateral Mark for follow up