Carolyn who earns 400000 is required to pay john her, Ask an Expert

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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?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950436

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