Business, 02.11.2020 16:50 mitchellk872
Robin inherits 1,000 shares of Wal-Mart stock from her aunt Julieta in 2020. According to the information received from the executor of Julieta’s estate, Robin’s adjusted basis for the stock is $55,000. Albert, Robin’s fiancé, receives 1,000 shares of Wal-Mart stock from his uncle Roberto as a gift in 2020. Roberto tells Albert that his adjusted basis for the Wal-Mart stock is $7,000. What could cause the substantial difference in the adjusted basis for Robin’s and Albert’s respective 1,000 shares of Wal-Mart stock?
Answers: 1
Business, 22.06.2019 07:50
Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?
Answers: 1
Business, 22.06.2019 13:30
Hundreds of a bank's customers have called the customer service call center to complain that they are receiving text messages on their phone telling them to access a website and enter personal information to resolve an issue with their account. what action should the bank take?
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Business, 22.06.2019 22:00
As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm.b. implicit costs.c. operating costs.d. fixed costs.
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Business, 22.06.2019 23:30
Sports leave thousands of college athletes with little time for their studies. this is an example of
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Robin inherits 1,000 shares of Wal-Mart stock from her aunt Julieta in 2020. According to the inform...
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