During 2014, Trevor Has the Following Capital Transactions After the Netting Process, the Following Results:
A) Long-Term Collectible

question 23

Multiple Choice

During 2014, Trevor has the following capital transactions:
$\begin{array}{lr}\text { LTCG } & \$ 6,000 \\\text { Long-term collectible gain } & 2,000 \\\text { STCG } & 4,000 \\\text { STCL } & 10.000\end{array}$
After the netting process, the following results:

• A) Long-term collectible gain of $2,000.
• B) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL of $6,000.
• C) LTCG of $6,000, Long-term collectible gain of $2,000, and a STCL carryover to 2015 of $3,000.
• D) LTCG of $2,000.
• E) None of the above.

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Definitions:

Marginal Costs

The extra cost incurred by producing one additional unit of a product.

Indifferent

A state where an individual or group has no preference or difference in satisfaction among options, showing no bias or partiality towards any choice.

Break Even

The point at which total costs and total revenues are equal, resulting in no net loss or gain.

Fixed Costs

Costs that do not vary with the level of production or sales, such as rent, salaries, and equipment leases, remaining constant regardless of how much a company produces.