XCO Assessment >> Online Examination Assessment: CIFP on the Web (R) Program Review and Evaluation (C256V16U0L1A35Q100)...

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XCO Assessment >> Online Examination Assessment: CIFP on the Web (R) Program Review and Evaluation (C256V16U0L1A35Q100) Time Started: Oct 30 2020 11:06AM ET Time Limit: 240 Minutes Questions Answered: 5 Questions Flagged for Review: 0 Question Number: 34 of 100 Note: If you skip any of the questions when you click on the 'View Summary and Submit' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. O 34 When Brad died, he left 2,000 shares in the Copper Dollar Mine Inc. to his sister, Marcie. He had originally purchased the shares for $7,500. The shares had a fair market value (FMV) of $30,000 immediately before Brad's death. What is Marcie's adjusted cost base (ACB) on the shares? a) $0 b) $22,500 c) $30,000 d) $ 7,500 Minutes remaining: 228 Previous Question Next Question View Summary and Submit CFP, CERTIFIED FINANCIAL PLANNER and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). FP Canada" is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB. XCO Assessment >> Online Examination Assessment: CIFP on the Web (R) Program Review and Evaluation (C256V16U0L1A35Q100) Time Started: Oct 30 2020 11:06AM ET Time Limit: 240 Minutes Questions Answered: 5 Questions Flagged for Review: 0 Question Number: 34 of 100 Note: If you skip any of the questions when you click on the 'View Summary and Submit' button you will be shown a summary page which allows you to go back to and complete question prior to submitting your assessment. If you're unsure of your response for a question you may select the checkbox under the number and this question will also be listed on the summary page so you can easily go back to it. O 34 When Brad died, he left 2,000 shares in the Copper Dollar Mine Inc. to his sister, Marcie. He had originally purchased the shares for $7,500. The shares had a fair market value (FMV) of $30,000 immediately before Brad's death. What is Marcie's adjusted cost base (ACB) on the shares? a) $0 b) $22,500 c) $30,000 d) $ 7,500 Minutes remaining: 228 Previous Question Next Question View Summary and Submit CFP, CERTIFIED FINANCIAL PLANNER and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). FP Canada" is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB.