In 2005, Victor acquires an Andy Warhol painting for $32,000 . During the current year he donates the painting to the city museum. Its fair market value at the date of the contribution is $38,000 . If Victor's adjusted gross income is $66,000 and he elects to reduce the contribution to its basis, his deductible contribution is
a. $18,000
b. $19,800
c. $32,000
d. $33,000
e. $38,000
c
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In the skills model, what is the difference between general cognitive ability and crystallized cognitive ability?
What will be an ideal response?
Equipment was purchased on June 1 at a cost of $12,000 . The asset has an estimated useful life of 4 years and no trade-in value. The straight-line depreciation that will be recorded for this equipment on December 31, the end of the year that the asset was put in service, will total:
a. $3,000 b. $2,000 c. $1,750 d. $5,000 e. $1,500
Quest Outdoor Store orders RiverRun-brand kayaks from Sports Merchandise, Inc Sports Merchandisemistakenly ships kayaks of the wrong size, which Quest rejects and returns via Trans-State Shipping Company. During the re-turn, the kayaks are lost. The loss is suffered by
a. Quest . b. Trans-State. c. RiverRun. d. Sports Merchandise.
You wish to diversify your single-security portfolio in a way that will maximize your reduction in risk. Which of the following securities should you add to your portfolio?
A) Treasury bills that have a correlation coefficient of 0.0 with your current security B) Alpha Company stock that has a correlation coefficient of -0.25 with your current security C) Beta Company stock that has a correlation coefficient of 0.50 with your current security D) Delta Company bonds that have a correlation coefficient of 0.36 with your current security