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Anastasy [175]
3 years ago
10

Orin creates an irrevocable living trust to pass his 1/3rd of his assets, including stock in Petro Oil Company and other busines

s investments, to his heirs. One advantage of this arrangement is that A. the trust earnings become public. B. the assets are doubled. C. Orin avoids having to pay death taxes on these assets. D. the assets can be transferred without going through probate.
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

Answer:

C. Except it isn't Orin that will avoid the taxes, but his heirs.

Explanation:

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Explanation: ALL costs that went into the DIRECT acquisition of the asset as well as COSTS TO SET IT UP for use by the firm should be accounted for in the amount recorded. In this case that would mean that the cost price, the closing fees and the modification fees all need to be accounted in the final amount. That would be $400,000 + $35,000 + $60,000= $495,000$495,000 should be recorded as the building's cost.

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3 years ago
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To create strong partnering relationships, marketing channel members must develop mutual trust, openly communicate, have common
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6 0
2 years ago
Which of the following statements concerning common stock and the investment banking process is NOT CORRECT? Group of answer cho
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Explanation:

Tender offer refers to a bid to buy the stock of a shareholder in a corporation. These are usually made public and the shareholders are invited to sell their shares at a given price and a particular period of time.

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3 years ago
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