Ralph gave his aunt an antique clock during tax year 2017. He had purchased the clock for $16,000 in 2013. The fair market value at the date of the transfer was $22,000. What amount should be recorded on Form 709 as the value of this gift?

Vesting occurs when an employee has a non-forfeitable right to receive pension benefits

Indicate whether the statement is true or false

Which of the following would NOT be subject to negotiation between a buyer and supplier?

A) price B) credit and delivery terms C) quality standards D) cooperative advertising agreements E) All of the above could be negotiated.