Answer:
$60
Explanation:
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. Therefore the cost basis to the beneficiary is
The cost basis by definition is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made.
However for the purpose to be served to reduce the tax due on the inheritance, we have chosen to opt for the fair market value of the property or asset at the time of the decedent's death which is $60
Answer:
Costs are subtracted from revenues.
Explanation:
As we know
Profit is calculated when the cost is subtracted from revenues.
In mathematically,
The profit = Revenues - cost
The profit which would be calculated above is shown in the debit side of the income statement.
As the income statement records all the expenses or cost incurred and all the revenues which are generated
This is true. Many career advisors will ask you to write an objective because it allows the prospective employer so quickly see who you are and what you want to gain by working at their firm.
False. They are, in fact, significantly less common.
The consumer protection administrative organizations battle to guarantee that people are dealt with decently, get the important data to settle on educated choices, are secured against item dangers and can utilize lawful response if necessary. Certain sorts of items draw in more direction because of their higher danger of customer damage or passing, for example, nourishment, meditates, kids' items, and cars.
The following are the five private organizations that ensure consumer rights:
<span>Consumer Financial Protection Bureau (CFPB)
</span><span>Consumer Product Safety Commission (CPSC)
</span><span>Federal Trade Commission (FTC)
</span><span>Food and Drug Administration (FDA)
</span><span>National Highway Traffic Safety Administration (NHTSA)</span>