benchmarks.wiki / Public workspace

MMLU / Parent gave securities with an adjusted basis of …

Problem

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

question

Parent gave securities with an adjusted basis of 10000andfairmarketvalueof10000 and fair market value of 9000 to a child. Later the child sold the securities for $7000. What is the child's basis for the securities sold?
Plain-text mathematical notation (without MathML)
Parent gave securities with an adjusted basis of 10000andfairmarketvalueof9000 to a child. Later the child sold the securities for $7000. What is the child's basis for the securities sold?
Original LaTeX notation
Parent gave securities with an adjusted basis of $10000 and fair market value of $9000 to a child. Later the child sold the securities for $7000. What is the child's basis for the securities sold?

choices

  1. $10,000
  2. $9,000
  3. $7,000
  4. 0

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

Official source

initial import