Marvin received Form 1099-C reporting canceled credit debt of $7,000. His total liabilities immediately before the cancellation
were $43,000. The FMV of assets immediately before the cancellation were $38,000. What amount of canceled debt will Marvin report on his return?
2 answers:
You might be interested in
The term is used to describe the method that allows copy link to access many different databases of law enforcement agencies with varying data fields is a multi-dimensional approach Option A
This is further explained below.
<h3>What is a multi-dimensional approach?</h3>Generally, Because we are utilizing an appropriate and specialized way to access the data basis of law enforcement under multiple data fields, we are able to state that the described method operates under the term known as a multi-dimensional approach.
This is an approach in which the database is accessed and analyzed via numerous dimensions, or we can call data to feel categories, in order to produce appropriate results and more efficient functioning.
In summary, we may reach the following conclusion after reviewing the information presented above: the choice that was picked is the optimal response to the inquiry that was posed.
The question that was presented before has been addressed and clarified; if you have any other questions, please leave them in the comments area below.
Read more about the multi-dimensional approach
#SPJ1
