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  3. 32. terry died on june 17, 2018, owning a bank acc

32. Terry died on June 17, 2018, owning a bank account with $32,250 in cash....

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Accounting

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32. Terry died on June 17, 2018, owning a bank account with $32,250 in cash. Prior to her death, Terry had sent a check to her cousin for her birthday for $250.00. The check was honored by Terry's bank on July 17, 2018. Assuming alternate valuation is not elected, what is the value of bank account for purposes of the estate tax? A. $0 B. $32,250 C. $32,000 D. $32,500 E. $30,000

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