Stella Has Two Transactions Involving the Sale of Capital Assets

question 136

Multiple Choice

Stella has two transactions involving the sale of capital assets during the year resulting in a STCL of $5,200 and LTCL of $2,400.As a result,Stella can offset

• A)$5,200 of ordinary income and have a LTCL carryforward of $2,400.
• B)$3,000 of ordinary income and have a $4,600 STCL carryforward.
• C)$3,000 of ordinary income and have a $2,200 STCL carryforward and $2,400 LTCL carryforward.
• D)$7,600 of ordinary income.

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Definitions:

Humour

The quality of being amusing or comic, especially as expressed in literature, speech, or behavior, often used to enhance communication.

Appearance Alone

The concept of judging or evaluating something or someone solely based on external looks or presentation.

Screening Interview

A preliminary interview designed to evaluate potential candidates and filter out those who do not meet the basic requirements for a position or opportunity.

Neutral Topics

Subjects that are considered to be uncontentious and unlikely to provoke strong opinions or emotions.