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

question 125

Multiple Choice

This year,Lauren sold several shares of stock held for investment.The following is a summary of her capital transactions for 2019: $$\begin{array} { | c | c | c | r | } \hline \text { Acquired } & \text { Sold This Year } & \text { Selling Price } & \text { Cost } \\\hline 09 / 25 / 2019 & 12 / 2019 & \$ 800 & \$ 1,000 \\\hline 02 / 15 / 2019 & 07 / 2019 & 2,200 & 1,75 \mathrm { C } \\\hline 06 / 25 / 2014 & 08 / 2019 & 3,500 & 2,300 \\\hline 12 / 28 / 2015 & 06 / 2019 & 750 & 900 \\\hline\end{array}$$ What are the amounts of Lauren's capital gains (losses) for this year?

• A) \[\begin{array} { | l | l | }
• \hline \text { NLTG } & \text { NSTG } \\
• \hline \$ 1,300 & \$ 0 \\
• \hline
• \end{array}\]
• B) \[\begin{array} {| l | l | }
• \hline \text { NLTG } & \text { NSTG } \\
• \hline \$ 850 & \$ 450 \\
• \hline
• \end{array}\]
• C) \[\begin{array} {| l | l | }
• \hline\text { NLTG } & \text { NSTG } \\
• \hline \$ 1,050 & \$ 250 \\
• \hline
• \end{array}\]
• D) \[\begin{array} { | l | l | }
• \hline \text { NLTG } & \text { NSTG } \\
• \hline ( \$ 1,050 ) & ( \$ 250 ) \\
• \hline
• \end{array}\]

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Definitions:

Method of Residues

A scientific and logical method where the known causes of a set of phenomena are subtracted to reveal the remaining causes.

Method of Residues

A method of scientific reasoning where one deducts from a complex set of phenomena the parts already explained, in order to isolate the remainder for new analysis.

Necessary Condition

A prerequisite that must be present for a certain effect or outcome to occur.

Sufficient Condition

A condition that, if satisfied, guarantees the occurrence or truth of another condition but isn't necessarily required for the latter's occurrence.