This Year, Lauren Sold Several Shares of Stock Held for Investment

question 13

Multiple Choice

This year, Lauren sold several shares of stock held for investment. The following is a summary of her capital transactions for 2014: What are the amounts of Lauren's capital gains (losses) for this year?

---

Definitions:

Organizational Operating Surplus

The excess of revenues over operating expenses within an organization, indicating financial health and efficiency.

Accounting

the systematic process of recording, analyzing, and reporting financial transactions for a business or individual.

Financial Management

The efficient and effective management of money in such a manner as to accomplish the objectives of the organization.

Fixed Assets

Long-term tangible assets, such as buildings, machinery, and equipment, that a company uses in its operations and is not expected to consume or sell within a year.