In September of 2018, Michelle Sold Shares of Qualified Small

question 591

Multiple Choice

In September of 2018, Michelle sold shares of qualified small business stock for $1,000,000 that had a basis of $200,000. She had held the stock for 17 months. Forty- five days after the sale she purchased other qualified small business stock for $1,100,000. What is the basis in the new stock she purchased?

• A) $800,000
• B) $300,000
• C) $1,100,000
• D) $200,000

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Definitions:

Neurocognitive Disorders

A category of mental health disorders that primarily affect cognitive abilities including learning, memory, perception, and problem-solving.

Memory Impairment

A decrease in the ability to remember information. It can result from disease, trauma, or a condition such as Alzheimer's disease.

Systems Approach

A holistic perspective that considers all components of a system and their interactions to understand or solve complex problems.

Management Theory

A collection of ideas and principles that provide a framework for effective management and organization of businesses and other enterprises.