1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nataly862011 [7]
3 years ago
6

A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. Th

e decedent had paid $280,000 for the stock six years ago. The beneficiary sold the stock two months after receipt for $510,000. What is the beneficiary's recognized gain for the year related to the stock?
Business
1 answer:
Ivanshal [37]3 years ago
7 0

Answer:

Beneficiary recognized gain is $510000.

Explanation:

The amount paid by the decedent for the stock = $280000

The market value of the stock at the time of death = $500000

The selling price or the amount received by the beneficiary by the sell of stock = $510000

Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.

Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.

= $510000 – 0

= $510000

You might be interested in
A registered representative has managed the account of her client for over 10 years. The client recommends her mother to the reg
ahrayia [7]

Answer:

Aggressive growth fund is the correct answer.

Explanation:

7 0
3 years ago
An individual or company purchaser that sees the benefits-to-status-quo ratio of a new product or service better than the averag
slamgirl [31]

The answer is Early Adopter.

The term "early adopter" refers to an individual or business who uses a new product, innovation, or technology before others.

In other words, an early adopter is an individual who almost always buys new products in a given product category.

Early adopters, therefore, form a category of consumers particularly favorable to the adoption of new products or new technologies.

As part of targeted marketing actions, they can play a driving role in the launch and adoption of a new product, service, or online offer.

For instance, Early adopters are often the first market for a high-tech product in the launch phase.

Hence, An individual or company purchaser that sees the benefits-to-status-quo ratio of a new product or service better than the average customer is an Early adopter.

Learn more about Consumers:

brainly.com/question/380037

#SPJ4

8 0
1 year ago
I hope I can see my channel grow supporting me would be awesome I want a career in this so please all help is wanted
timama [110]

Answer:

I hope you grow and become successful you deserve it and congratulations on that much subscribers

8 0
2 years ago
Investments in debt securities that the company actively manages and trades for profit are referred to as short-term debt invest
boyakko [2]

Answer: c. trading securities.

Explanation:

Trading securities are short term debt securities that a company buys in order to make a profit in that short term period. They actively manage and trade these securities and then trade them for profit.

It is an excellent way to gain return for any excess cash that the business has and they only invest in such things when they believe that there is a good chance of profit being made.

7 0
3 years ago
Current assets are those assets that can be converted into cash within:
alukav5142 [94]

Answer:

B. One year or the operating cycle, whichever is longer.

Explanation:

Current Assets are assets that can be converted into cash within a year or an operating cycle whichever is longer.

Current Assets are presented first on a balance sheet and arranged in order of liquidity.

Examples of current assets are cash ,

cash equivalents , short-term investments, accounts receivable and stock inventory.

I hope my answer helps you

4 0
3 years ago
Other questions:
  • Can't print says: printer is performing another operation even when canceled
    13·1 answer
  • Companies with strong safety cultures usually have lower
    15·1 answer
  • Cooking time for a bisque is A. 1 hour 30 minutes. B. 45 minutes to one hour. C. 25–30 minutes. D. 2 hours.
    7·1 answer
  • Outback Outfitters sells recreational equipment. One of the company’s products, a small camp stove, sells for $140 per unit. Var
    11·1 answer
  • In the short run,
    15·1 answer
  • Centurion Alarms recently declared a 10 percent stock dividend. Prior to the stock dividend, the equity section on Centurion's b
    13·1 answer
  • Which type of lending institutions are being described here?
    9·1 answer
  • Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for themselves. However, some
    14·1 answer
  • Emma worked the following schedule:
    9·1 answer
  • The process of analyzing the tasks necessary for the production of a product or service is called ______.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!