Match Each Statement with the Correct Choice

question 25

Multiple Choice

Match each statement with the correct choice. Some choices may be used more than once or not used at all.
-Decedent owned stock that had depreciated in value.

• A)Step-up in basis
• B)Step-down in basis
• C)Gift of installment notes receivable
• D)Gift of property that has potential for recapture of depreciation
• E)Donor's basis on date of gift appreciated property given, no gift tax due)
• F)The amount of the deceased spouse's taxable estate does not change
• G)Fair market value on date of gift
• H)Expected surviving spouse is in good health and 10 years younger
• I)No income tax consequences to the beneficiary
• J)Income in respect of a decedent IRD)
• K)No correct choice is given

---

Definitions:

Situational Variable

A factor that influences the outcome of a study or the effectiveness of a leadership style, which can change depending on the context or environmental settings.

Time Management

The process of organizing and planning how to divide one's time between specific activities effectively and efficiently.

Multi-tasking

The ability to perform multiple tasks simultaneously.

Daily and Weekly Activities

Routine tasks or actions that are performed on a daily or weekly basis as part of an individual's or organization's regular schedule.