How Long Must a Capital Asset Be Held to Qualify

question 91

Multiple Choice

How long must a capital asset be held to qualify for long-term treatment?

• A)6 months
• B)one year
• C)one year and one day
• D)same trade date one year from purchase

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Definitions:

Multinational Corporation

A large company that operates and has assets in more than one country, often managing production or delivering services in various international locations.

Host Country

The country in which a multinational company operates a facility outside of where its headquarters are located.

Keiretsu

A group of Japanese manufacturers, suppliers, and finance firms with common interests.

Industry Alliances

Collaborative arrangements between companies in the same industry, aimed at enhancing competitive advantage, sharing resources, or achieving common goals.