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Henrietta and Hollis have been married for 10 years when Hollis dies in a sky-diving accident.Their assets are summarized below. Henrietta and Hollis reside in Wisconsin,a community property state.All of the assets were acquired with community funds and pass to Henrietta.Her basis for each of the assets becomes:
Car House Cash from life insurance proceeds
Active Response
Engaging directly and promptly with communication or stimuli, suggesting a dynamic and participatory approach.
Active Listening
The practice of fully concentrating on what is being said, understanding the message, responding appropriately, and remembering the conversation.
Mirroring
The act of imitating or replicating another person's behavior, gesture, or speech.
Feeding Back
Providing evaluative or corrective information about an action, event, or process to the original source.
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