Examlex
A computer that provides database storage and access in a client/server environment is called a(n) :
Short-term Gain
Profit realized from the sale of assets held for a year or less, subject to taxes at ordinary income rates in many jurisdictions.
Long-term Gain
The profit from the sale of an asset held for more than a year, subject to lower capital gains tax rates.
Investment Portfolio
A collection of assets including stocks, bonds, mutual funds, and other investments held by an individual or an institution.
Recognize
In an accounting context, to recognize is to formally record an item within the financial statements of an entity, acknowledging its existence or occurrence.
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