At the Time of His Death,Trent Owned Some Common Stock

question 137

Multiple Choice

At the time of his death,Trent owned some common stock. The Aqua Corporation stock is sold by the executor of the estate five months after Trent's death for $1,300,000.If the alternate valuation date is properly elected,the value of Trent's estate as to these stocks is:

• A)$2,300,000.
• B)$2,400,000.
• C)$2,500,000.
• D)$2,700,000.
• E)None of the above.