In 2015, Doug Shephard's mother gave him a house. At the time of the gift, the house had a fair market value of $60,000 and his mother's adjusted basis was $82,000. His mother paid no gift tax on the gift. Doug uses the property as his residence and sells the property for 1/1/19.
What is the rule to determine Doug's basis in the house for determining gain/loss on subsequent sale?
For each of the following independent scenarios (b) through (f), determine Doug’s adjusted basis, gain or loss realized and gain or loss recognized. Include calculations and reasoning.

Doug sells the property for $50,000.
Doug sells the property for $82,000.
Doug sells the property for $90,000.
Doug sells the property for $80,000 on 1/1/19.

When selecting stock, some financial experts recommend to look at the opening price go with what you know examine the day’s range, earnings per share, and p/e ratio divide the dividend by the asking price

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

Emil motycka is considered an entrepreneur because