Travis and Andrea Were Divorced

question 68

Multiple Choice

Travis and Andrea were divorced.Their only marital property consisted of a personal residence (fair market value of $400,000,cost of $200,000) ,and publicly-traded stocks (fair market value of $800,000,cost basis of $500,000) .Under the terms of the divorce agreement,Andrea received the personal residence and Travis received the stocks.In addition,Andrea was to receive $50,000 for eight years.

• A)Only III is true.
• B)Only I and III are true.
• C)Only I and II are true.
• D)I,II,and III are true.
• E)None of the above are true.

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