Which One of the Following Is Not True of Securities

question 17

Multiple Choice

Which one of the following is not true of securities held by dealers in securities?

• A)Securities are generally held as inventory, with any gains or losses on their disposition being ordinary in nature.
• B)A dealer may designate a particular lot as held for investment, but the designation must be made on the day the lot is acquired.
• C)Once a lot is designated as an investment, losses on its disposition cannot be treated as ordinary.
• D)A dealer can receive capital gain treatment on lots of stock held as inventory if they are held for more than two years.

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Definitions:

Health Care Costs

The expenses associated with medical and health services, including treatment, medication, and hospitalization.

Preferred Provider Organizations

Health care organizations that offer members discounted rates for medical care from a network of preferred providers, while still covering some costs for care outside the network.

Discounted Prices

Prices reduced from the original or list price, often to encourage prompt payment or bulk purchasing.

Fixed Amount

A specific sum that does not change over time or under varying circumstances.