A piece of property that has been discarded by its original owner is categorized as ________ property
A) abandoned
B) lost
C) mislaid
D) unclaimed
A
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Choose the correct word or words in parentheses. (There, Their, They're) new vegan restaurant has been a success
Determining whether a message will be transmitted by e-mail or delivered in person is part of ________
A) selecting the appropriate audience for the message B) using the correct tone for the message C) adapting a message to the audience D) selecting an appropriate communication channel for the message
The ________ section of the final project report includes concise, factual review statements of the project, such as project mission and objectives, procedures and systems used, and organizational resources used.
Fill in the blank(s) with the appropriate word(s).
In the current year, Andrew received a gift of property from his uncle. At the time of the gift, the property had a FMV of $115,000 and an adjusted basis to his uncle of $70,000. After deducting the annual exclusion, the amount of the gift was $100,000. Andrew's uncle paid a gift tax on the property of $24,000. What is the amount of Andrew's basis in the property?
A) $70,000 B) $80,800 C) $94,000 D) $115,000