Which of the Following Does Not Ultimately Result in a Capital

question 101

Multiple Choice

Which of the following does not ultimately result in a capital gain or loss?

• A) Gain on equipment used in a trade or business held for more than one year, if it is the only asset sale during the year.
• B) Sale of inventory.
• C) Sale of a personal use asset.
• D) Sale of capital stock in another company.
• E) None of the choices are correct.

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Definitions:

Compressions

The act of pressing together or the state of being pressed together.

Artificial Respiration

A method of assisting or stimulating respiration in individuals who are incapable of breathing on their own, using mechanical or manual means.

Airway

The part of the respiratory system through which air flows, starting from the nose and mouth down to the bronchi of the lungs.

Breathing

The physical process involving the inhalation and exhalation of air, essential for life.