Which of the following transfers would result in gift tax? a. bob gifts $11,000 to his daughter barbie. b. elroy gifts $50,000 to his wife, elizabeth, who is a u. s. citizen. c. adam gives his favorite employee, aaron, a new car at aaron's retirement worth $20,000. d. pete transfers $20,000 to his ex-wife, patricia. pete and patricia were divorced five years ago.

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?

Arecession is defined as a period in which

John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.