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Match each statement with the correct choice. Some choices may be used more than once or not at all.
a.In the current year, Debby, a widow, dies. Two years ago she inherited a large amount of wealth from her brother.
b.Scheduled to be eliminated by 2010.
c.Exists only if owners are husband and wife.
d.A type of state death tax.
e.A certificate of deposit listed as "B. Brown, payable on proof of death to my daughter, Evelyn."
f.Annual exclusion not allowed.
g.Cumulative in effect.
h.Right of survivorship present as to type of ownership.
i.Avoids the terminable interest rule of the marital deduction.
j.Exclusion amount
k.Replaced by a deduction.
l.No correct match provided.
-Bypass amount
Par Value
The nominal or face value assigned to a share of stock or a bond by the corporation issuing it, important in legal and accounting contexts but not necessarily related to market value.
Stock Split
A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, making them more affordable to small investors.
Shares
Shares represent units of ownership interest in a corporation or financial asset, providing shareholders with a proportion of the company's profits and a claim on assets.
Earnings Per Share
A financial metric calculated as a company's net income divided by the number of outstanding shares, indicating the profitability per share.
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