In 2018, Angel purchased 260 shares of Flowers R Us stock at a cost of $10,600 as an investment. In 2023, when the fair market value was $12,400, Angel gave the stock to a relative, Alex. Assuming no gift tax was paid, if the stock sells for $14,000, Alex will recognize: Multiple Choice no gain or loss. $1,600 gain. $1,800 gain. $3,400 gain.

Q: What are the important guidelines for Selecting a MARR?

A: It places a base gainfulness prerequisite on the discount rate, or MARR, which a venture or…

Q: Why was the Sarbanes-Oxley Act developed and enacted?

A: Introduction:- The Sarbanes–Oxley Act of 2002 is a federal law in the United States that sets…

Q: What would the journal entry be?

A: A pension plan is usually an agreement between the employer and employee wherein, the employer…

Q: What is ethical accounting

A: Ethics: At its most basic level, ethics is a set of moral rules that guide behavior. They have an…

Q: What is ALCO and what important duties do they perform?

A: A resource with economic value that a person, company, or country owns or controls with the…

Q: The introduction of a research summarizes the current understanding and background information of…

A: Answer:-  Research definition:- "Creative and methodical activity performed to improve the reservoir…

Q: count ROCE

A: ROCE stands for Return on Capital Employed.

Q: How is materiality concept applied?

A: Accounting principles:

Q: Do ethical standards have anything to do with culture and diversity?

A: Ethical standard The founders of the organization created a set of ethical guidelines to explain the…

Q: What does the DuPont identity tell us that ROE is affected by?

A: DuPont = Net profit margin*Asset turnover*Equity multiplierNet incomeRevenue*SalesAvg total…

Q: What is the Baumol model, and how is it used?

A: The Baumol model, also known as the Baumol-Allais-Tobin (BAT) model, is a cash management model. In…