Which of the Following Does Not Ultimately Result in a Capital

question 68

Multiple Choice

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

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

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Definitions:

Repetitive Stimuli

Stimuli that are presented repeatedly, which can lead to various psychological effects such as habituation or sensitization.

Energy Conservation

The practice of reducing energy consumption through using less of an energy service and efficient energy usage.

Dishabituation

Increase in responsiveness after presentation of a new stimulus.

Habituation

The method through which a person becomes used to a stimulus by being exposed to it multiple times, resulting in a reduced reaction.