Mary incurred a $20,000 nonbusiness bad debt last year. she also had an $18,000 long-term capital gain last year. her taxable income for last year was $25,000. during the current year, she unexpectedly collected $12,000 on the debt. how should mary account for the collection?
a.$0 income
b.$11,000 income
c.$8,000 income
d.$12,000 income
e. none of these choices are correct.

Match the situations that will develop one's personality and those that won't peter is surrounded by friends who are always encouraging him jonathan always watches television when he wants to take a break from his books libby sets small targets for herself and strives to achieve them. the smiths indulge in an animated discussion on varied topics every evening after dinner. brook loves junk food and exercises once in a while. develops your personality develops doesn't develop your personality