Morgan Has the Following Capital Gains and Losses for the Current

question 93

Multiple Choice

Morgan has the following capital gains and losses for the current tax year
Short-term capital gains
$12,000
Long-term capital gains
3,000
Short-term capital losses
(7,000)
Long-term capital losses
(6,000)
What is Morgan's net capital gain or loss position for the year?

• A)$5,000 net short-term capital gain.
• B)$2,000 net long-term capital loss.
• C)$2,000 net short-term capital gain.
• D)$3,000 net long-term capital loss.
• E)$4,000 net short-term capital loss.

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Definitions:

Subordinates

Individuals who work under the direction and control of a superior in an organizational hierarchy.

Repetitive Tasks

Tasks that are performed in the same manner, requiring minimal variation or creativity, often associated with routine operations.

Contingency Theories

Theories that propose leadership effectiveness depends on the situational context and the leader's ability to adapt.

Effective Leadership

The ability to successfully guide and motivate a team or organization towards achieving its goals.