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.
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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.
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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: It underpins a lot of other benefits.
Explanation:
Due to the benefits that are underpinned when prices are attached to natural attributes and ecological services, it is not advisable to put a price on them. There is no single way of valuing something such as water, also biodiversity is difficult to price due to it's form of infrastructure
Answer:
C. Paid-in Capital in Excess of Par-Common for $35,000.
Explanation:
The journal entry include
The common stock
= Number of shares × par value of share
= 7,000 shares × $5
= $35,000
Since the attorney services billed at $70,000 out of which the common stock value is $35,000 so the remaining balance $35,000 ($70,000 - $35,000) would be transferred to the Paid-in Capital in Excess of Par-Common
Answer:
It is a profession in which we need skill Duties and other more
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