Business
Business, 19.09.2019 23:10, evanwall91

Darcy borrowed $4,000 in 2016 from her employer to purchase a new com-puter. she repays $1,000 of the loan plus 6 percent interest on the unpaid balance in 2016, 2017, and 2018. after closing a big deal in 2019, she receives the original loan agreement stamped "paid in full" across the face. does darcy have to recog-nize any income from the cancellation of the loan in 2019? explain.

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Darcy borrowed $4,000 in 2016 from her employer to purchase a new com-puter. she repays $1,000 of th...

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