Which of the Following Must Be Classified as "Portfolio Income

question 16

Multiple Choice

Which of the following must be classified as "portfolio income?"
I.Interest income on CDs from First National Bank.
II.Loss realized from the sale of one-half of his stock shares in Lockleed Corp. Lockleed is qualified small business stock.
​

• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Both statements are correct.
• D)Neither statement is correct.

---

Definitions:

Freudian Theory

A comprehensive theory of human psychology and behavior developed by Sigmund Freud that emphasizes the influence of the unconscious mind, childhood experiences, and psychosexual development.

Life Span

Refers to the maximum duration of life of a species or the length of an individual’s life.

Libido

A term used in psychoanalysis that refers to the sexual drive or desire.

Jung

Carl Jung, a Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for concepts such as the collective unconscious, archetypes, and psychological types.