In 2019, your father gave you a gift of property with a fair market value (FMV) of $75,000. His adjusted basis was $50,000. The gift tax paid was $7,440. What is your basis in the property?


A.
$75,000

B.
$57,440

C.
$53,100

D.
$50,000

Answers

Answer 1

Answer:

your basis is 57440

Explanation:

just take the basis of the father and plus the gift tax


Related Questions

What should you do if your decision isn't working out and you have tried making adjustments

Answers

Alternative actions (if the decision is not working as intended): Give it more time: You need to make sure employees, customers, and so on have had enough time to get used to the new action. Change it slightly: Maybe the action was correct, but it just needs "tweaking"—a small change of some sort.

(hope it helps hehe ^^')

finanicial accounting​

Answers

Answer:

financial accounting is a process of record,summarising and reporting a company's business transaction through financial statements.

Adidea Corp. bought 100 units at $15 each. The company then sold 30 units at $25 each, and 50 percent of the purchase was paid in cash. What amount will Adidea credit to the inventory account? A. $1,500 B. $750 C. $375 D. $45

Answers

Answer: Merchandise Inventory                          7,500

                  Cash in bank                                                  3,750

                  Accounts Payable      

Explanation:

$375 amount will Adidea credit to the inventory account. Thus option C is correct.

What is a company?

A company is a legal body created by a group of people to conduct and manage a multinational corporation, whether it be commercial or economic. The company's main aim is to earn a profit. Also, to make sure that they have enough finds to run the business in the near future.

The information that is provided is :

100 were purchased by Adidea Corp. for $15 a piece.

The business then sold 30 units for $25 each, with cash representing 50% of the total cost.

The total amount of commodities that are sold = 25 * 30

= 750

The Percentage that the commodity is paid in cash is 50%.

The amount that is paid in credit will be = 750 * 50 /100

= 375

Therefore, option C is the correct option.

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Respond to the posts indicating your agreement or disagreement with their position and why. Feel free to bring in additional references to these reply posts.

Answers

The US would benefit from gaining access to the Euro zone market and look to expand business by taking advantages of cheap import prices in the Euro zone. While the US would benefit from importing goods from India, china and Japan owing to cheaper export prices to these countries.

What is import and export?

An export is the sale of goods to a foreign country, while an import is the purchase of foreign manufactured goods in the buyer's domestic market.

When a country is importing goods, this represents an outflow of funds from that country. Local companies are the importers, and they make payments to overseas entities, or the exporters.

A healthy economy is one where both exports and imports are experiencing growth. This typically indicates economic strength and a sustainable trade surplus or deficit.

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What can a borrower do to take control of their debt? O A. The borrower can apply for more credit cards. O B. The borrower can create a payment plan. O C. The borrower can make only minimum payments. O D. The borrower can pay bills selectively.​

Answers

The thing a borrower can do to take control of their debt is The borrower can create a payment plan.

What is a debt?

Debt refers to amount money borrowed or things someone owed a person and promises to refund or return back when it is available.

A borrower borrowed from the lender and it is the borrower that is in debt.

Therefore, The thing a borrower can do to take control of their debt is The borrower can create a payment plan.

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Serious Question & Please Don’t Judge What Are Some Great But Quick Tips I Can Do To Pass My Indiana Permit Test?

Answers

Answer:

You can study the materials a lot and make sure you memorize stuff. Once you memorize the car stuff make sure to memorize the motorcycle stuff very well because it can be hard to do when you take the test.

Explanation:

Good Luck!

Before attending a job fair, you should contact the host to see if you can obtain a list of the employers registered for the event so you can prepare focused resume and cover letters to share with them.
A. True
B.False

Answers

Answer:

A. true

Explanation:

it is always good to be prepared

Financial statement analysis is useful to:

Answers

Evaluate business performance and value

In the case Blockchain Technology in Action: Walmart and Alibaba. Walmart is using Blockchain technology to improve what piece of their business?


Marketing


Supply Chain


HR

Answers

The improvement to their Walmart business forms the piece of their marketing.

What is Blockchain technology used for?

Walmart employed blockchain to create an automated system for managing invoices from and payments to its 70 third-party freight carriers.

Hence, the improvement to their business forms the piece of their marketing.

Therefore, the Option B is correct.

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What is TRUE about economic resources?
OA. Natural resources are limited, but manufactured resources are unlimited.
OB
All economic resources are limited.
OC. Company profit won't be impacted by the amount of resources used.
OD
Land is always limited, but labor is not limited.

Answers

Answer:

Im pretty sure its Natural resources are limited, but manufactured resources are unlimited.

Explanation:

In case of an emergency, you should have money saved to cover expenses for at least _____. Select the best answer from the choices provided. A. one to three months B. two to four months C. three to six months D. four to eight months

Answers

In case of an emergency, you should have money saved to cover expenses for at least three to six months

Question 18
Equipment Company holds a lien on Fertile Farm's equipment. The
equipment can be sold to satisfy the debt

Answers

Answer:

if, before the sale, notice is given to Fertile Farm.

Explanation:

hope this helps you have a nice day :)

Nicole has lived in her home for thirty-five years. She is retired and receives a pension and Social Security. She no longer has loan payments on her house and has no major debts. She wants to live the rest of her life in her current house. Which financial situation could force Nicole to move her home unexpectedly? A. Her house could increase in value, making it difficult for her to afford to pay property taxes. B. A bank may try to foreclose on the house, making it necessary for her to move out of her home. C. Her Social Security could run out, making it hard for her to pay the costs of home ownership. D. Her house could decrease in value, reducing the amount that she earns from her pension.

Answers

Answer:

D.

Explanation:

pa brainliest po

what is trust ownership in real estate

Answers

Answer:

Explanation:

To create a trust, the property owner (called the "trustor," "grantor," or "settlor") transfers legal ownership to a family member, professional, or institution (called the "trustee") to manage that property for the benefit of another person (called the "beneficiary").

Identify specific problems with advertising to children experienced in South
Africa. Find specific advertisements and explain how you feel it can be seen
as unethical in our South African context.

Answers

Government's role in economic activities is being criticized in South Africa. Corruption level has increased significantly and it has taken a toll on the growth rate of the economy. The average growth rate of the economy is 3.5 % which is far below the required ones. South African Economy needs an average 6-7% growth rate to get rid of unemployment and poverty. The role of government is the most critical one in the developments of the economy. The government provides infrastructural facilities and other political stability in the country. The government should not interfere in areas where the private sector can do well or efficiently. The role of government must be recognised but side
by side government should not compete with the private sector. Thus, the role of government should be active where the private sector does not come and in other areas, the government must play as facilitators.

Janae has created a table of her company's revenue data. The company sells its products in four cities. Janae's manager told her to create a new
visual showing the share of revenue from each city. Complete the following sentences.
Janae should choose a
to show each city's contribution to the company's total revenue. This type of visual is especially
effective because it allows her to show the revenue from each city as a
of the company's total revenue.
Reset
Next? Does anyone know the answer

Answers

Answer:

First one is "Pie Chart"

Second one is "Percentage"

Explanation:

Enjoy

Create an oral presentation about yourself that will provide your interviewee with an accurate picture of your skills and preparations for your chosen career. Using the Voice Recorder tool, create this in the form of a personal commercial in which you advertise your attributes in terms of what you’ll need for the chosen profession

Answers

In creating a personal commercial, one have to give a conversational and natural oral presentation. One can start with:

Been confident, have a good poised, and been professional.

What is a personal commercial?

Others are:

Greet by saying: Hello, my name is (name). State your Goal, Interest and also your passion and others kind of attributes that can set you apart from others.

A personal commercial is known to be a short introduction that a person often give to a specific employer, mentor, or others.

Conclusively, By following the steps above, one can give a good  personal commercial.

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bruin manufacturing has expected ebit of $26,000 in perpetuity. a tax rat 35% and debt equity ratio of 60 percent. the firm has $60,000 in outstanding debt at an interest rate of 8percent and its wacc is 12 percent. what is the value of the firm according to m&m proposition 1 with taxes?. should bruin change its debt-equity ratio if the goal is to maximize the value of the firm? explain.

Answers

The value of the firm according to M&M proposition 1 with taxes will be as follows,

WACC = .12 = (100/160)RE+ (60/160)(.08)(.65) ;RE= .1608

RE= .1608 = RU+ (RU– .08)(.6)(.65) ;RU= .1381

VU= EBIT(1 – t)/RU= ($26,000)(.65)/.1381 = $122,348.96

VL= VU+ Dt = $122,348.96 + .35D = $140,833.33

Or

VL= EBIT(1 – t)/WACC = ($26,000)(.65)/.12

= $140,833.33

What is M&M proposition?

Miller and Modigliani theory mentions two propositions. Proposition I state that the market value of any firm is independent of the amount of debt or equity in capital structure. Proposition II states that the cost of equity is directly related and incremental to the percentage of debt in the capital structure.

B) Applying M&M Proposition with tax the capitals, the firm has increased its value by issuing debt. As long as M&M Proposition holds, that is, there are no bankruptcy costs and so then the company should continue to increase its debt equity ratio to maximize the value of the firm.

Thus, the value of the firm according to M&M proposition 1 with taxes will be $140,833.33.

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1.2 Describe the demand curve

Answers

Answer:

demand curve, in economics, a graphic representation of the relationship between product price and the quantity of the product demanded. It is drawn with price on the vertical axis of the graph and quantity demanded on the horizontal axis.

Explanation:

Which of the following statements regarding coins is not true?

a. Coins are usually metal based.
b. Unlike paper money, the same coins are used in every country in the world.
C. The creation of coins is authorized by the government.
d. Coins are used as a form of money.

Answers

Answer:

B

Explanation:

every country have its own currency and coins

Almost every country has a unique currency, although some countries share common currencies

but take an example of India and US

both have different coins India have ruppes

and us have bucks

hope it helps you

What are the disadvantages of indirect distribution network

Answers

The disadvantages of indirect distribution network is that more time and resources are used.

What is Indirect distribution network?

This involves selling wholesale products  to retailers so as to ensure the goods are distributed to the public.

This puts distance between the individual and customers which is why more time and resources are deployed so as to ensure it gets to its final destination.

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explain about foreign trade payment system​

Answers

Answer:

The exporter's bank forwards the documents to the importer's bank. The importer's bank requests payment from the importer by presenting the documents. The importer makes payment and receives the documents and collects the goods. The importer's bank pays the exporter's bank and the exporter's bank pays the exporter.

discuss the new product development concept​

Answers

Answer:

New product development (NPD) is the process of bringing a new product to the marketplace

Explanation:

Which accounts would be affected for the following transaction: "Received an invoice from a supplier for repair services performed, final payment due in two weeks"

Debit Bank; Credit Accounts Payable
Debit Repair Expense; Credit Accounts Payable
Debit Accounts Payable; Credit Bank
Debit Repair Expense; Credit Bank
Debit Owner, Capital; Credit Repairs Expense

Answers

Answer:

Debit Bank; Credit Accounts Payable

Debit Repair Expense; Credit Accounts Payable

How are payday lenders different from a bank or credit union?

A. Payday lenders usually offer loans at a much lower rate than
banks and credit unions.
B. Payday lenders usually don't require collateral, unlike banks and
credit unions.
C. Payday lenders often offer loans to people who are unable to get a
loan from a bank or credit union.
D. Payday lenders often offer loans for a longer term than banks or
credit unions.

Answers

The difference between payday lenders and a bank or credit union is B. Payday lenders usually don't require collateral, unlike banks and credit unions.

What is payday lending?

Payday lending is a type of short-term borrowing where a borrower receives a high-interest credit based on personal income.

The characteristics of payday lending include:

Small-term loansSmall amounts of money are involvedAvailable at short noticeInterest rates are high.

Thus, the difference between payday lenders and a bank or credit union is B. Payday lenders usually don't require collateral, unlike banks and credit unions.

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Answer: the answer is C (PAYDAY LENDERS OFTEN OFFER LOANS TO PEOPLE WHO ARE UNABLE TO GET A LOAN FROM A BANK OR CREDIT UNION!!!)

Explanation: I just took the test!

Monetary policy is described as actions that influence the supply of ____________ and availability of ____________.

Answers

Answer:

Money, Credit

Explanation:

Monetary policy is described as actions that influence the supply of money in an economy. This in turn affects the availability of funds or credit in the economy.

1.How and when do you use disposable gloves, and how often should you change them?

Answers

Answer:

when you don't want to get your hands messy like cleaning dishes and I saw the horse in your pf so mabey when braiding there hair or anything like that and theow away everytime u use them I'm not sure if that is the answer you were looking for but I hope so lol

Which of these is not one of the three uses of money?

a medium of exchange
a store of value
a means to barter
a unit of account

Answers

Answer:

The answer is means to barter. This is the obvious answer because barter means to exchange something without the use of money, so this answer would be a contradiction.

Explanation:

You have a great day, put God first, he's real and he loves you. My faceb account is Don Omega, hit me up over their. I'm 16 and live on Alabama.

Task: Creating a Personal Commercial


Create an oral presentation about yourself that will provide your interviewee with an accurate picture of your skills and preparations for your chosen career. Using the Voice Recorder tool, create this in the form of a personal commercial in which you advertise your attributes in terms of what you’ll need for the chosen profession.

Answers

In creating a personal commercial, one have to give a conversational and natural  oral presentation. One can start with:

Been confident, good poised, and been professional.

What is a personal commercial?

Others are:

Greet by saying: Hello, my name is (name). State your Goal, Interest/passion and others.

A personal commercial is known to be a short introduction that one do give to a potential employer, mentor, or  others.

Conclusively, By following the steps above, one can give a good  personal commercial.

Learn more about Commercial from

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Corina has added animations to objects on a particular slide within a presentation. She needs to reorder the animations. How should she achieve this goal?

Use the Preview button.
Access the Advanced timeline.
Use the Animation pane.
Delete and recreate the animations in the correct order.

Answers

Corina has added animations to objects on a particular slide within a presentation. To reorder the animations, she can use the animation pane.

What do you mean by animations?

Animations refer to a method in which figures are manipulated that appear as moving images.

Corina has added animations to objects on a particular slide within a presentation. She needs to reorder the animations. She can achieve this goal by using the animation pane.

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Answer: c

Explanation:

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