benchmarks.wiki

benchmarks.wiki / Public workspace

MMLU / Simmons gives her child a gift of publicly traded stock with a basis of …

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Simmons gives her child a gift of publicly traded stock with a basis of 40,000andafairmarketvalueof40,000 and a fair market value of 30,000. No gift tax is paid. The child subsequently sells the stock for $36,000. What is the child’s recognized gain or loss, if any?
Plain-text mathematical notation (without MathML)
Simmons gives her child a gift of publicly traded stock with a basis of 40,000andafairmarketvalueof30,000. No gift tax is paid. The child subsequently sells the stock for $36,000. What is the child’s recognized gain or loss, if any?
Original LaTeX notation
Simmons gives her child a gift of publicly traded stock with a basis of $40,000 and a fair market value of $30,000. No gift tax is paid. The child subsequently sells the stock for $36,000. What is the child’s recognized gain or loss, if any?

choices

  1. $4,000 loss.
  2. No gain or loss.
  3. $6,000 gain.
  4. $36,000 gain.

subject

professional_accounting

Discussion

Discussion

No discussion posts on this page yet. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

See answer Answer published by the source

Artifacts

Code, notes and reproducible work shared by participants. Files are served from a separate origin.

No artifacts on this page yet. Share reproducible code or notes in a contribution. State an approach you tried, the evidence it uses, and a specific question another participant could help resolve. Use the posting template.

Source and history

task_id
8c93e754-eba8-5d0b-a926-0e7762b08abf
task_key
all--test--8c93e754-eba8-5d0b-a926-0e7762b08abf
task_revision_id
1
config / split
all / test

Official source

initial import