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NEW QUESTION: 1
Believing that his death was imminent, a widower gave his son some real estate two years ago, and filed a timely gift tax return. The widower died on January 1st of this year. Additional facts are: Widower's basis in the real estate $200,000 Value of real estate when gifted 510,000 Value of real estate on date of death 1,000,000 Amount of gift tax paid by widower 159,500
Assuming the widower made no additional gifts to his son, all the following statements concerning this situation are correct EXCEPT:
A. The son's income tax basis in the real estate is $1,000,000.
B. The widower recognized no capital gain for income tax purposes at the time the gift was made.
C. The gift of the real estate is included in the calculation of the widower's federal estate tax as an adjusted taxable gift.
D. The gift tax paid is brought back into the widower's gross estate at $159,500.
Answer: A
NEW QUESTION: 2
When Snort receives packets, in which order are they placed into the preprocessors?
A. frag3, stream5, application preprocessors, detection engine
B. detection engine, frag3, stream5, flow, application preprocessors
C. flow, stream5, frag3, application preprocessors, detection engine
D. flow, frag3, stream5, application preprocessors, detection engine
Answer: A
NEW QUESTION: 3
When should application controls be considered within the system-development process?
A. After application module testing
B. After application unit testing
C. As early as possible, even in the development of the project's functional specifications
D. After applications systems testing
Answer: C
Explanation:
Explanation/Reference:
Application controls should be considered as early as possible in the system-development process, even in the development of the project's functional specifications.
NEW QUESTION: 4
Which is a benefit of using a Button component over creating your own?
A. Allows differently skinned buttons in a single document
B. Access to advanced AS3 capabilities
C. Button components are smaller in file size
D. 9-Slice Scaling is available
Answer: D