Table 9.1 -Table 9.1 Represents 3 Markets for Used Computers. Which of Which

question 185

Multiple Choice

Table 9.1
-Table 9.1 represents 3 markets for used computers. Which of the markets in Table 14.1 are in equilibrium?

• A) 1 only
• B) 2 only
• C) 3 only
• D) 2 and 3

---

Definitions:

Appreciated Property

An asset that has increased in value over time from its original purchase price.

Nonliquidating Distribution

A nonliquidating distribution refers to distributions made by a corporation to its shareholders that are not in complete termination of the shareholder’s interest in the corporation.

Shareholders

Shareholders are individuals or entities that own one or more shares of stock in a corporation, making them partial owners of that corporation.

Corporation

A legal entity that is separate and distinct from its owners, providing limited liability and the ability to raise capital.