The basis of Tobin's land was stepped up or down to the fair market value, and that value was $3,00,000.
<h3>What is inherited property?</h3>
When a death happens in a year, the ground of the property is travelled up or downbound to the fair market value on the day of death if there is an inheritance case.
The process of property to a successor or heirs upon the death of the owner, often known as succession. The term “inheritance” besides refers to the property.
Tobin has inherited a property from his father, that died in the present year, and the sightly market value on the date of death, according to the federal estate tax return, is $3,00,000. Tobin's basis in land is $3,00,000.
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A permit gives authorization to allow someone to do something.
A license allows the use of something or to allow an activity.
A loan is to borrow (money or property)
A patent is the right granted by government to an inventor to sell, manufacture, or use an invention for a certain number of years.
Which means the answer would be D. Patent
The physical count is used to bring the inventory balance in the Inventory account up to date.furthermore, The actual count is utilized to decide whether there has been any burglary, misfortune, harm or mistakes in stock.
How is Days Sales of Inventory calculated?
Days Sales of Inventory is calculated as follows:Days Sales of Inventory = COGS x (Average Inventory x 365).
What exactly is Days Sales of Inventory, or DSI?
A financial ratio known as days sales of inventory (DSI) depicts the average number of days it takes a company to sell its inventory, including work in progress goods.
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The right answer for the question that is being asked and shown above is that: "C) Mixed." The type of economy does the government decide all or most economic questions is that of <span>Mixed economy. This is correct as far as the economy is concerned.</span>
Answer:
C) A sponsor in top management that is keenly interested in the project's success
Explanation:
