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Zinaida [17]
3 years ago
6

Ralph gives his daughter, Angela, stock (basis of $8,000; fair market value of $6,000). No gift tax results. If Angela subsequen

tly sells the stock for $10,000, what is her recognized gain or loss?\
Business
1 answer:
spayn [35]3 years ago
8 0

Answer:

Her recognized gain is $2,000

Explanation:

Data provided in the question:

Stock basis = $8,000

Fair market value = $6,000

Sale value = $10,000

Now,

Ralph's daughter  recognized gain or loss will be

= Sale value  - Stock basis

or

Ralph's daughter  recognized gain or loss = $10,000 - $8,000

or

Ralph's daughter  recognized gain or loss = $2,000

Here,

the positive value means that there is a gain.

Hence,

Her recognized gain is $2,000

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Answer:

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Explanation:

Total number of items = 6,800

The number of items per type is:

A= 6,800*0.08\\A=544\ items\\B= 6,800*0.34\\B=2,312\ items\\C= 6,800*0.58\\C=3,944\ items

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The total number of items counted per day is:

n = n_A+n_B+n_C=27.2+39.2+32.6\\n=99\ items\ per\ day

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