You Bought Stock in 2010 for $100 and You Sold

question 71

Multiple Choice

You bought stock in 2010 for $100 and you sold it in 2012 for $200.You used a broker to sell the stock for you,and he charged you $20.This transaction contributed ________ to gross domestic product (GDP) .

• A) $200
• B) $20
• C) $220
• D) $100
• E) $120

Prepare a statement of cash flows using the indirect method.

Determine a company's free cash flow based on provided financial information.

Understand the various roles and responsibilities of labor unions and the human resource department.

Recognize the components and significance of collective bargaining agreements.

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Definitions:

Taxed

The imposition of a financial charge or other levy upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Double Taxation

A taxation principle referring to income taxes that are paid twice on the same source of income, common in C-type corporations where income is taxed at both the corporate and shareholder levels.

Corporate

Relating to a large company or group of companies authorized to act as a single entity.

Proprietorship

A business structure where the enterprise is owned and run by one person, with no legal distinction between the owner and the business.