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To represent a completed gift, there must be donative intent by a competent donor and...

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Accounting

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To represent a completed gift, there must be donative intent by a competent donor and an acceptance by the competent donee. What other factor is required? Answer: You are allowed to reduce the gift valuation where there is no other sales in the general public of the stock of a corporation. This is a discount called the discount (three words)

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