Which of the following is considered a nonbusiness bad debt?
A) Tom, a CPA, made personal loans to several friends who were not his clients. ftree of the loans became totally worthless.
B) Mary obtained a court-order for her former husband, Bill, to pay child support. Bill did not pay the child support.
C) Kirby guaranteed a loan as a gesture of friendship for Sue. Sue defaulted and Kirby paid off the loan.
D) None of the above.
Correct Answer:
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