Gift property (disregarding any adjustment for gift tax paid by the donor): a. Has the same basis to the donee as the donor's adjusted basis if the donee disposes of the property at a gain. b. Has the same basis to the donee as the donor's adjusted basis if the donee disposes of the property at a loss, and the fair market value on the date of gift was less than the donor's adjusted basis. c. Has a zero basis to the donee if the fair market value on the date of gift is less than the donor's adjusted basis. d. Has no basis to the donee because he or she did not pay anything for the property.
Answers: 2
Business, 21.06.2019 23:10, josie311251
At the end of the current year, $59,500 of fees have been earned but have not been billed to clients. required: a. journalize the adjusting entry to record the accrued fees on december 31. refer to the chart of accounts for exact wording of account titles. b. if the cash basis rather than the accrual basis had been used, would an adjusting entry have been necessary?
Answers: 2
Business, 22.06.2019 05:00, MaxxL
One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)
Answers: 2
Gift property (disregarding any adjustment for gift tax paid by the donor): a. Has the same basis to...
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