In September of 2019,Michelle Sold Shares of Qualified Small Business

question 41

Multiple Choice

In September of 2019,Michelle sold shares of qualified small business stock for $1,000,000 that had a basis of $200,000.She had held the stock for 17 months.Forty-five days after the sale she purchased other qualified small business stock for $1,100,000.How much of the gain will she recognize?

• A)$0
• B)$100,000
• C)$800,000
• D)$900,000

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Definitions:

Debriefing

A process whereby a researcher explains the true purpose of a research study to a subject (respondent); usually done after completion of the study.

Experiment

An experiment is a method of research in the sciences or social sciences that involves the manipulation of variables to test a hypothesis and observe the effects.

Content Analysis

A research method used for systematically analyzing and coding textual, visual, or audio content to understand various aspects of communication.

Cultural Change

The transformation of the customs, beliefs, arts, and institutions of a society over time, influenced by internal and external factors.