Sheila Sells Stock,which Has a Basis of $12,000,to Her Daughter

question 124

Multiple Choice

Sheila sells stock,which has a basis of $12,000,to her daughter for $7,000,the stock's fair market value.Subsequently,the daughter sells the stock to an unrelated party for $5,000.Which of the following is true for Sheila and her daughter?

• A) \[\begin{array} {| l | l |}
• \hline\text { Sheila } & \text { Daughter } \\
• \hline \text { recognizes no loss } & \text { recognizes loss of } \$ 2,000 \\
• \hline
• \end{array}\]
• B) \[\begin{array} {| l | l |}
• \hline\text { Sheila } & \text { Daughter } \\
• \hline \text { recognizes no loss } & \text { recognizes loss of } \$ 5,000 \\
• \hline
• \end{array}\]
• C) \[\begin{array} { | l | l | }
• \hline \text { Sheila } & \text { Daughter } \\
• \hline \text { recognizes loss of } \$ 3,000 & \text { recognizes loss of } \$ 5,000 \\
• \hline
• \end{array}\]
• D) \[\begin{array} {| l| l| }
• \hline\text { Sheila } & \text { Daughter } \\
• \hline \text { recognizes loss of } \$ 3,000 & \text { recognizes loss of } \$ 2,000 \\
• \hline
• \end{array}\]

Understand the physical and cognitive changes associated with aging.

Identify normal age-related changes versus health-related issues in older adults.

Know appropriate nursing interventions and care strategies for elderly patients.

Recognize the importance of promoting independence and respecting dignity in elderly care.

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Definitions:

Productive Forgetting

The ability to abandon a solution that isn’t working in favor of a new one.

Supervisory Support

Assistance and guidance provided by supervisors or managers to their subordinates, typically aimed at encouraging well-being and improving performance.

Innovation

The process of creating, developing, and implementing new ideas, products, or methods that bring novel solutions to problems or improvements to existing conditions.

Creativity

The ability to generate new ideas, solutions, or innovations that are original and valuable.