In 2006, Roger Gives Stock Valued at $100,000 to Martha

question 45

Multiple Choice

In 2006, Roger gives stock valued at $100,000 to Martha. Roger and Martha are not related. In 2008, Martha uses the stock then valued at $110,000 as partial consideration to acquire realty costing $220,000. Pat (her brother) furnishes the remaining $110,000 of consideration. The realty is titled in the names of Martha and Pat as joint tenants with right of survivorship. This year, Martha dies and Pat survives. The realty is valued at $300,000 at Martha's death. How much, if any, of the realty's value will be included in Martha's estate?

• A) $0
• B) $110,000
• C) $150,000
• D) $300,000

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Definitions:

Assurance of Supply

The confidence in a supplier's ability to provide consistent and continuous goods or services, meeting the buyer’s requirements.

Greater Flexibility

The enhanced ability of an organization or system to adapt to changes, adjust to new conditions, or alter operations in response to different requirements.

Delivery Scheduling

The process of planning and controlling the movement of goods to ensure they reach the customer in a timely manner.

Multiple Sourcing

A procurement strategy that involves buying a particular product from several suppliers to reduce dependency on any single supplier and to increase competition and flexibility.