Ralph gives his daughter, Angela, stock (basis of $8,000; fair market value of $6,000). No gift tax results. If Angela subsequently sells the stock for $10,000, what is her recognized gain or loss?
A. $0
B. $2,000
C. $4,000
D. $10,000
Answer: B
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________ are a form of product that consists of activities, benefits, or satisfactions offered for sale that are essentially intangible and do not result in the ownership of anything
A) Liabilities B) Services C) Brands D) Consumer products E) Specialty products
Sky Company collected $12,350 in interest during 2013 . Sky showed $1,850 in interest receivable on its December 31 . 2013 . balance sheet and $5,300 on December 31 . 2012 . The interest revenue on the income statement for 2013 was
a. $3,450. b. $8,900. c. $12,350. d. $14,200.
The practice of charging different customers different prices for the same product is called price ________.
Fill in the blank(s) with the appropriate word(s).
To determine the market potential for its particular product or service, a firm should use
A. unemployment data. B. as many metrics as it can obtain. C. inflation data. D. GDP data. E. purchasing power parity data.