"Tiny Dancer" Is the Name of a Bronze Figurine Created

question 6

Multiple Choice

"Tiny Dancer" is the name of a bronze figurine created by artist Diego Ossa.The owner recently recognized a $43,500 gain on sale of the figurine.Which of the following statements is false?

• A)If Diego Ossa was the seller,the gain is ordinary.
• B)If a commercial art gallery that had held Tiny Dancer in its inventory was the seller,the gain is ordinary.
• C)If a private collector who purchased Tiny Dancer from an art gallery was the seller,the gain is capital gain.
• D)None of the above is false.

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Definitions:

Conform

To align one's behaviors, beliefs, or standards to those of a group or societal norms, often to fit in or be accepted.

Informal Group

A group that tends to form around common interests, habits, and personality traits.

Resolves

Determines an answer or solution to a problem.

Group Forms

Describes the various structures and shapes that a group of individuals can organize themselves into, for different purposes and functions.