On June 10,2012,Akira Receives a Gift of a Rare Marble

question 35

Multiple Choice

On June 10,2012,Akira receives a gift of a rare marble statue with a fair market value of $9,000.The marble statue had an adjusted basis of $12,000 to the donor and was purchased in 2011.Akira sells the marble statue July 5,2013,for $8,000.When does Akira's holding period for the rare marble statue begin?

• A)It begins in 2011.
• B)It begins in 2013.
• C)It is irrelevant because the transfer was a gift and gifts are always considered to be held long-term.
• D)It depends on whether a gift tax was paid at the time of the gift.
• E)It begins in 2012.

Examine the role of ethnicity, race, and cultural background in shaping individual and collective identity.

Evaluate theories related to the formation and perpetuation of prejudice and discrimination within families and institutions.

Understand the basic premises of Marxist conflict theory in relation to racial and ethnic conflicts.

Gain knowledge about the historical and contemporary policies affecting immigration in Canada.

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Definitions:

Conflict Theory

A sociological perspective that emphasizes the role of power and coercion in producing social order.

Social Inequality

The unequal distribution of resources, opportunities, and privileges among different social groups in a society.

Anti-Natalist

A philosophical stance or policy that opposes or expresses skepticism towards procreation and childbirth, often due to environmental, social, or personal concerns.

One-Child Policy

A population control policy of China, implemented in 1979 and officially phased out in 2015, which limited families to having only one child to curb the growth of its population.