subject
Business, 18.02.2020 03:13 lisa123465

Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4 of the current year. His father paid $30 per share for the stock on September 2, 2005. The FMV of the stock on the date of death was $50 per share. On September 4 this year, the FMV of the stock was $55 per share. The executor did not elect the alternate valuation date. Monte sold the stock for $65 per share on December 3. What is the amount and nature of any gain or loss?

(A) $ 10,000 LTCG
(B) $ 10,000 STCG
(C) $ 15,000 LTCG
(D) $ 15,000 STCG

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 19:30
Nextdoor is an instant messaging application for smartphones. new smartphone users find it easier to connect with friends and relatives through this mobile app when compared to other similar instant messaging applications. hence, it has the largest user base in the industry. thus, nextdoor app's value has increased primarily due to itsa. learning curve effects. b. economies of scale. c. economies of scope. d. network effects.
Answers: 2
question
Business, 22.06.2019 20:30
The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.
Answers: 3
question
Business, 22.06.2019 21:20
What business practice contributed most to andrew carnegie’s ability to form a monopoly?
Answers: 1
question
Business, 22.06.2019 22:20
Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.
Answers: 1
You know the right answer?
Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4 of the cu...
Questions
question
Mathematics, 27.08.2020 01:01
question
Mathematics, 27.08.2020 01:01
question
Mathematics, 27.08.2020 01:01
question
Mathematics, 27.08.2020 01:01
question
Mathematics, 27.08.2020 01:01
Questions on the website: 13722361