If a Corporation Sells Certain Assets for More Than Their

question 111

Multiple Choice

If a corporation sells certain assets for more than their initial purchase price, the difference betweenthe sale price and the purchase price is called

• A) an ordinary gain.
• B) a capital gain.
• C) a capital loss.
• D) an ordinary loss.

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Definitions:

Remote Locations

Areas that are far away from populated centers or are difficult to access.

Presentation-slide Programs

Software applications designed to create and display digital slideshows for informational and educational purposes.

Linear

Describes something that is arranged in or extends along a straight or nearly straight line.

Network

A group or system of interconnected people or things, often referring to computers, telecommunications, or social contacts.