Ira cook is planning to make a charitable contribution to the boy scouts of crystal, inc. stock worth $20,000. the stock has an adjusted basis of $15,000. a friend has suggested that ira sell the stock and contribute the $20,000 in proceeds rather than contribute the stock.

a. complete the statements below regarding whether ira should follow the friend's advice. (you may ignore any consideration of limitations to charitable contributions.)

selling the stock would result in a recognized gain of $ for regular income tax purposes. therefore, ira should not follow the friend's advice.

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a donor can achieve several tax advantages by making gifts of appreciated property.

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.