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DeMarcus and Brianna are married and live in a common law state.They jointly own real property with an adjusted basis of $200,000.When the property has a FMV of $450,000,DeMarcus dies leaving all of the property to Brianna.If she later sells the property for $650,000,what is Brianna's gain on the sale?
Board of Directors
A group of individuals elected by shareholders to oversee the management and make important decisions for a corporation.
Dividend Yield
An indicator in finance measuring the dividends paid by a company each year against its share price.
Annual Dividend
A payment made by a corporation to its shareholders, usually as a distribution of profits, on an annual basis.
Cumulative Voting
A voting system that allows shareholders to concentrate all their votes on one candidate for the board of directors, offering more power to minority shareholders.
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