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
Your firm’s biggest client is coming to town today. You have been assigned the important task of showing him the town and being
melisa1 [442]

Answer:

Ethical dilemma

Explanation:

This scenario causes a situation of ethical dilemma or also known as ethical paradoxes or moral dilemma. In ethical dilemma both the available choices are wrong and are conflicting with each other the decision between right and wrong is ethics, but when such a situation arises the decision is to be taken by the person facing this ethical dilemma and his/her actions solely depends on the moral choices of the person and his/her views about ethics.

3 0
3 years ago
_______ are fasteners that connect parts and are intended to resist pulling forces.
lyudmila [28]
The correct answer for the question that is being presented above is this one: "d. Extension springs." Extension springs are fasteners that connect parts and are intended to resist pulling forces. They are designed to resist pulling forces. They are also known as <span>a </span>tension spring<span>, are helical wound coils, wrapped tightly together to create </span><span>tension.</span>
5 0
3 years ago
A chain of supermarkets recognizes that it needs to increase revenue in the face of severe budget cuts due to the weak economy.
Harrizon [31]

The sale, the wide selection of brands, and the promotions are examples of <u>"Marketing tactics".</u>


Marketing tactics refers to a set of key techniques expected to advance the merchandise and ventures of a business with the objective of expanding deals and keeping up a focused item. Great marketing tactics normally result in generous consumer loyalty while encouraging the business in centering its restricted budgetary assets in the most proficient way to augment the compelling advancement of its items.  

3 0
3 years ago
When financing a car, you must pay ___ on the amount borrowed.
goldfiish [28.3K]
The answer is interest. whenever you take a car loan from a bank or a financial institution, you always have to pay interest on the amount borrowed or the principal amount. the interest is how the financial institution or bank will earn through lending money
7 0
3 years ago
Hull Company’s record of transactions concerning part X for the month of April was as follows.
olga55 [171]

Answer:1. $7720  

2. $7945

3. $7758

Explanation: 1. First in First out method which means the first inventory to be purchased by company will be the first to be sold.  

Total cost of Sales   = Total number of units Sold * Total Cost of inventory sold    

                                  = 100units*$5+ 300units*$5.30+ 200units*$5.35 + 450units*$5.60

                                   =$7720

Total units sold=1450  we started from first inventory which was the balance of inventory of 100 units downwards up to the 1450th unit sold that was purchased on the 26th of April by the company.

2. Last in first out method is where the last bought inventory is sold first.

Total cost of sales= Total number of units sold * Total cost of units sold =200units$*5.80+ 600units*$5.60+ 200units*$5.35+300units*$5.30+150units*$5.1

=$7945

Total units sold still 1450 but we calculated the cost from the last purchased unit from 30th April to the 1450th unit sold which was on the 12th of April.

3. Average Cost = (Sum of all costs/Total number of costs)* total units sold

                     = (($5+$5.1+$5.3+$5.35+$5.6+$5.8)/6)* 1450

=$7769.58

4 0
3 years ago
Other questions:
  • During the month of March, Karen Company's employees earned wages of $68,000. Withholdings related to these wages were $5,202 fo
    9·1 answer
  • A computed ___________ is a calculation that a DBMS performs, similar to the way a spreadsheet computes a formula.
    15·2 answers
  • If your BAL is at .04
    11·1 answer
  • Grasping a dilemma by the horns means:
    14·2 answers
  • When selecting the best alternative in a cost-benefit analysis, what are the issues to be considered?
    5·1 answer
  • Each morning, a deli worker has to make several pies and peel a bucket of potatoes. on monday, it took the worker 2 h to make th
    13·2 answers
  • A manager in a small office is asking if it is possible to limit network access to a particular website during business hours. A
    14·1 answer
  • Andrina always spends 30 % of her income on thingamabobs. Assume that her income increases by some percentage while the price of
    6·1 answer
  • The intrinsic value of CSR sees it as an opportunity that can maximize core competencies and identify new competitive ______.
    10·1 answer
  • The Association of Organic Food Growers, which does not include all organic farmers and ranchers, refuses to deal with any parti
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!