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ollegr [7]
3 years ago
9

Zack received a gift of stock from his uncle on June 20 of the current year. Zack's uncle had a basis in the stock of $4,000, bu

t the fair market value of the stock on June 20 was only $1,500. Zack held the stock for three months and then sold it for $1,200. What basis in the stock will Zack use to determine his gain or loss on the sale of the stock?
Business
2 answers:
DiKsa [7]3 years ago
7 0

Answer:

$4,000

Explanation:

pshichka [43]3 years ago
7 0

Answer:

The answer is $1500

Explanation:

Since the FMV is lower than the original cost of the gift the dual basis would take place.

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According to the Huff Gravity Model, the two factors which attract consumers to a store location are: travel time for customer t
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Answer:

The correct answer would be option B, The attractiveness of the store's location and the time it takes to travel to the store.

Explanation:

According to the Huff Gravity Model, The two factors which attract customers to a store location are the attractiveness of that store's location and the time it takes to travel to the store.

This means that according to the Huff theory, people will likely to purchase from a store which is present at a more attractive location and also the time taken to reach at that specific store is less. For example, I myself prefer going to Lulu Hypermarket over Panda Hypermarket because of the difference in the location of both the stores and also Lulu Hypermarket is more near to me than Panda Hypermarket. The location of Lulu is more attractive.  

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The government might enact a price ceiling in order to accomplish what
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A limit of spending of the government, 
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He gross domestic product (gdp) of the united states is defined as the
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NewDigger Inc. makes backhoes for digging ditches and trenches. It has developed an environmental-friendly liquid that, when pou
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Given the following data: Treasury Bill Maturity DTM Bid Asked Mar 90 1.20 1.15 If you invest $10,000 today at the risk-free ra
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Answer: $10029

Explanation:

Based on the information given in the question, if $10000 is invested today at the risk-free rate, the amount that'll be received in 90 days will be calculated thus:

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