Adam Purchased 1,000 Shares of Airco Inc

question 128

Multiple Choice

Adam purchased 1,000 shares of Airco Inc.common stock for $22,000 on February 3,2014.On April 1,2016,Adam received 100 new shares in a nontaxable stock dividend.As of April 1,the stock was trading at $25 per share.Adam sells the 100 new shares on June 15,2016 for $2,400.Due to the stock sale,Adam will recognize a

• A)$100 STCL.
• B)$2,400 STCG.
• C)$400 STCG.
• D)$400 LTCG.

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Definitions:

Developing Countries

Nations with relatively lower levels of industrialization, lower standards of living, and often a lower Human Development Index (HDI) compared to developed countries.

Direct Cash Transfers

A form of financial aid where money is given directly to individuals, typically by the government, without any intermediary goods or services.

Conditional Cash

Money awarded or transferred under specific conditions or requirements, often used in social programs to encourage positive behaviors.

Unproductive Spending

Expenses that do not contribute to the growth or productivity of an economy, often seen as wasteful or inefficient.