Answer:
Correct option is A.
<u>In general, the basis to the recipient is the fair market value at the decedent's date of death.
</u>
Explanation:
If property is inherited by a taxpayer, <u>In general, the basis to the recipient is the fair market value at the decedent's date of death.
</u>
As per the the law when property is transferred on account of death, then basis to the recipient is the fair market value at the time of death of decedent's.
Answer:
d. A loan received will reduce capital
Explanation:
Capital is the collection of financial assets required to start and maintain a business. Capital is the money required to begin the operations of a business. The money is used to purchase assets and materials used in the production of goods or services. Capital is either borrowed( debt ) or from the owner's savings ( equity).
A loan is cash borrowed to boost the financial strength of an individual or a business. Should a business opt for a loan, it means it will have more cash to finance its operations. Its ability to produce goods and services is increased. Therefore, a loan is an addition to capital.
Answer:
a) true
Explanation:
This is true because, increasing the price of the product sold by an organisation directly lead to the reduction of the operating cost of the said organization, all other things being equal. <em>For example, a glass manufacturing company increasing the selling price per unit glass from $40 to $90 will definitely lead to operating cost reduction.</em>
Answer:
with only one chain and one pendant per necklace.write an expression that shows how much it will cost ronnie to make s short necklaces and n long necklaces. then find the cost for 3 short necklaces 2 long necklaces
Answer:
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