As a Result of Their Divorce This Year,Carlos Made the Following

question 102

Multiple Choice

As a result of their divorce this year,Carlos made the following payments to Michelle,his former wife:
How much gross income should Michelle report as a result of the above transfers?

• A)$7,200
• B)$12,000
• C)$17,200
• D)$87,200
• E)$92,000

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Definitions:

Maturity

The time at which a financial instrument, such as a bond or loan, becomes due and must be repaid.

Market Efficiency

A concept describing the degree to which stock prices and other securities prices reflect all available, relevant information.

Stock Price

The cost of purchasing a share of a company in the stock market.

Adverse Information

information that negatively affects an investor's valuation of an investment and can include any bad news that impacts a company's predicted future performance or profits.