When Godfrey died in 2018, his assets were valued as follows: The executor sold the stock two

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When Godfrey died in 2018, his assets were valued as follows:

Date of death valuation Valuation six months later Asset $5,180,000 4,620,000 1,780,000 $11,580,000 Stocks Bonds Home To The executor sold the stock two months after the decedent’s death for $5,200,000. The bonds were sold seven months after the decedent’s death for $4,630,000. What valuation should be used for the gross estate?

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my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce

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Question Posted: Apr 17, 2019 08:15 AM

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When Godfrey died in 2018, his assets were valued as follows: The executor sold the stock two

Question:

Date of death valuation Valuation six months later Asset $5,180,000 4,620,000 1,780,000 $11,580,000 Stocks Bonds Home Total $5,220,000 4,600,000 1,800,000 $11,620,000

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11600000 Using the alternate valuation date gives a to...View the full answer

Taxation For Decision Makers 2019

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