Which of the following is associated with an income oil and gas partnership?
Answer(s): D
cash flow and depletion allowance. The other choices are not applicable because an “income” partnership already has a producing well.
Which of the following is a benefit of Section 8 low-income housing partnerships?
low risk. The low risk is a consequence of the government guarantee or subsidy.
In order to determine the amount of estate tax due, if any, the assets of a decedent’s estate are valued as of the date of death. A second evaluation is then made:
Answer(s): B
six months after the date of death. A second evaluation is made six months from the date of death. The estate may then use either value in determining estate tax.
Under which of the following was SIPC established?
Answer(s): C
Securities Investor Protection Act of 1970. SIPC was established under this act.
Bubba owns 100 shares of XYZ at $58. He needs to limit his loss to 5 points or less and will accept a longer time for the order to be executed, to make sure the loss does not exceed 5 points.Which of the following orders would be the best recommendation?
sell stop-limit order. A sell stop-limit order specifies a price, but will not turn into a market order. This order will only get executed at the price or better. Stop orders, although quicker in execution, will turn into market orders and the customer will not be guaranteed a specific price. Stop -limit orders are risky, in that the order may or may not get executed, but in this situation, it is the best choice.
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