Sandi Sells 100 Shares of Gray Corporation Stock on December

question 50

Multiple Choice

Sandi sells 100 shares of Gray Corporation stock on December 4,2013.She inherited the stock from Christine,who died on January 30,2013.The executor of the estate used the primary valuation date.Sandi's holding period for the stock is

• A)Long-term.
• B)Short-term.
• C)Long-term if sold at a gain; short-term if sold at a loss.
• D)Short-term if sold at a gain; long-term if sold at a loss.

---

Definitions:

Minority Influence

The process by which a smaller faction within a group, despite being outnumbered, manages to persuade the majority to adopt their point of view or behavior.

Matters Of Opinion

Issues or topics that are subjective and open to personal interpretation, beliefs, or preferences, rather than being based on fact or necessity.

Prosperity

Denotes a state of flourishing, wealth, and good fortune, where an individual or community enjoys success and economic well-being.

Reference Groups

Groups that individuals use as a standard for evaluating themselves and their own behavior.