Question
Carolyn, who earns $400,000, is required to pay John, her ex-husband $200,000 as part of the property settlement as a result of their divorce. In
Carolyn, who earns $400,000, is required to pay John, her ex-husband $200,000 as part of the property settlement as a result of their divorce. In turn, John transfers stock worth $50,000 to Carolyn. What is the amount of Carolyn's Adjusted Gross Income for the year?
a. $200,000
b. $250,000
c. $400,000
d. $450,000
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Financial Accounting A Critical Approach
Authors: John Friedlan
3rd Edition
0070967601, 978-0070967601
