Examlex
When coding a selection instruction in Visual Basic,the code that follows the Else statement includes those instructions that will be executed when the condition is true.
FMV
Fair Market Value, the price at which property would sell on the open market between a willing buyer and seller.
Basis
The amount of investment in property for tax purposes, used to calculate the gain or loss on the sale, exchange, or disposition of property.
Corporation
A legal entity owned by shareholders with rights and liabilities separate from those of its owners, and which pays taxes on earnings.
Fiscal Year-End
Fiscal Year-End refers to the last day of a company's accounting period, which is used for financial reporting and tax purposes and can vary but often ends on December 31.
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