Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to account for debt forgiveness [title] Determine whether it is business or non-business bad debt. [step] The irs distinguishes clearly between business and non-business types of bad debt. Business bad debt is a worthless (uncollectible) debt that was created or acquired during the course of business.

Ending1: It is related to a number of other debt-to-be, including fixed costs, income and assets. As business bad debt is, write down any' business' (related or non-business) business bad debt. Ending2: This might includes loans or credit sales to customers or vendors, or business loan guarantees. Nonbusiness bad debts are defined more broadly as all other bad debts (not related to business). Ending3: This bad debt typically relates to student loans. It is difficult to get out of this business bad debt if loans have been unpaid for a long time or if a debt has been continuing to accumulate interest. Ending4: Non-business bad debt is a debt that was acquired during the course of business. [substeps] Business bad debt is something that the irs deemed unsafe and was created very quickly.

Answer format: ending1/ending2/ending3/ending4