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NEW QUESTION: 1
Using "I" or "My' instead of "most people" or "our group" ______ message credibility.
A. distorts
B. has no effect on
C. decreases and increases
D. decreases
E. increases
Answer: E

NEW QUESTION: 2
Tom and Joan Moore, both CPAs, filed a joint 1994 federal income tax return showing $70,000 in taxable
income. During 1994, Tom's daughter Laura, age 16, resided with Tom. Laura had no income of her own
and was Tom's dependent.
Determine the amount of income or loss, if any that should be included on page one of the Moores' 1994
Form 1040.
In 1992, Joan received an acre of land as an inter-vivos gift from her grandfather. At the time of the gift,
the land had a fair market value of $50,000. The grandfather's adjusted basis was $60,000. Joan sold the
land in 1994 to an unrelated third party for $56,000.
A. $0
B. $500
C. $1,300
D. $10,000
E. $2,500
F. $55,000
G. $1,500
H. $2,000
I. $900
J. $1,250
K. $1,000
L. $50,000
M. $3,000
N. $75,000
O. $25,000
Answer: A
Explanation:
Explanation
"A" is correct. $0. Property received by gift has two bases: one for computing gain and another for
computing loss. Joan's basis for gain is the grandfather's adjusted basis ($60,000). Using this basis for
gain, Joan has a loss of: $56,000 - $60,000 = ($4,000 loss). Joan's basis for loss is the fair market value
of the property on the date of the gift ($50,000). Using this basis for loss, Joan has a gain of: $56,000 -
$ 50,000 = $6,000 gain. In this unusual situation, Joan has neither a gain nor a loss, although the
transaction must be reported.

NEW QUESTION: 3
Given the following code:
user.firstName = "Bruno";
Which declaration would enable you to set the firstName property as shown?
A. public function get firstName():void{}
B. public function getFirstName():String{}
C. public function set firstName(value:String):void{}
D. public function setFirstName(value:String):void{}
Answer: C