You need a quick $20 for dinner with a friend at a place that doesn't take credit cards. what should you do? 1. you stop by an atm machine and do a quick $20 cash advance on your credit card. 2. you borrow $20 bucks from a parent or a friend. 3. none of the above.

Acoase solution to a problem of externality ensures that a socially efficient outcome is to

Paid-in-capital in excess of par represents the amount of proceeds a. from the original sale of common stock b. in excess of the par value from the original sale of common stock c. at the current market value of the common stock d. at the curent book value of the common stock

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?