Worth of publicly traded stock, Accounting Basics

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Worth of publicly traded stock

Oliver gave his wife $5,250,000 worth of publicly traded stock in August 2013, outright. Oliver's basis in the stock was $50,000. What is the amount of the taxable gift for federal gift tax purposes? (Oliver made no other gifts to anyone in 2013).

a. 0.

b. $87,000.

c. $100,000.

d. $5,087,000.

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Accounting Basics: Worth of publicly traded stock

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Accounting Basics: Worth of publicly traded stock

Reference No:- TGS040634

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Recent Questions Asked Accounting Basics

Q : Computing operating breakeven point in units

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Q : Explain decision based on maximum expected value

Q : What was indiana corporation''s net operating income

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Ask an Expert for Answer!!

Accounting Basics: Worth of publicly traded stock

Reference No:- TGS040634

Recent Questions Asked Accounting Basics

Q : Computing operating breakeven point in units

Q : Computing the ytm-effective annual yield

Q : Explain decision based on maximum expected value

Q : What was indiana corporation''s net operating income

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