Morrow Died on January 15,2015 Leaving the Following Assets

question 97

Multiple Choice

Morrow died on January 15,2015 leaving the following assets: What is the value of the estate if the alternative valuation date is elected and the house was sold on March 10 for $605,000 and the stocks were sold on June 30 for $265,000?

• A)$1,375,000
• B)$1,360,000
• C)$1,350,000
• D)$1,343,000

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Definitions:

Social Respect

The regard and consideration shown by individuals or societies toward others based on perceived value or status.

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Constructive feedback aimed at encouraging positive changes in someone's behavior or outlook.

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A tendency to focus on the negative aspects of life or to expect the worst possible outcome in any given situation.