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igomit [66]
3 years ago
13

Laura's father, Albert, gave Laura a gift of 500 shares of Liba Corporation common stock in 2017. Albert's basis for the Liba st

ock was $4,000. At the date of this gift, the fair market value of the Liba stock was $3,000. If Laura sells the 500 shares of Liba stock in 2018 for $2,000, her basis is ________.A. $4,000
B. $3,000
C. $2,000
D. $0
Business
1 answer:
Vikentia [17]3 years ago
7 0

Answer:

B) $3,000

Explanation:

Since Laura acquired this property (stocks) by gift, her basis for loss will be $3,000 which is equal to the fair market value at the time she received the gift. If she had made a gain with this transaction, her basis for gain would have been the $4,000 of her father's basis.

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Answer:

$100,000

Explanation:

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This will be recorded as it is expense for the year 2

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3 years ago
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There is low interest rate. There is minimum balance requirement problem. There is federal withdrawal limit.

Explanation:

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3 years ago
When technology is progressing rapidly, firms are more likely to:?
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When technology is progressing rapidly, firms are more likely to;

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3 years ago
the 360 degree feedback performance appraisal system tries to improve performance ratings by forcing managers to :
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Answer:

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Most managers use this system of appraisal for developmental purposes and evaluation of an employee's performance. Information sourced can then be used to help the employees improve on their skills or promote/demote them.

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If soybean farmers know that the demand for soybeans is inelastic, in order to increase their total revenues they should a. use
charle [14.2K]

Answer: Option C

                                     

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