When Selling Stocks, Which Method of Calculating Basis Provides the Greatest

question 28

Multiple Choice

When selling stocks, which method of calculating basis provides the greatest opportunity for minimizing gains or increasing losses?

• A)LIFO.
• B)FIFO.
• C)Weighted average.
• D)Specific identification.
• E)None of the choices are correct.

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Definitions:

Macronucleus

A large nucleus found, along with one or several micronuclei, in ciliates. The macronucleus regulates metabolism and growth. Compare with micronucleus.

Ciliates

A group of protozoans characterized by the presence of hair-like structures called cilia, used for movement and feeding.

Diplomonads

Small, mostly parasitic excavates with one or two nuclei, no functional mitochondria, and one to four flagella.

Excavates

Flagellated unicellular protists, many of which have a deep (excavated) oral groove; include diplomonds, parabasilids, and euglenoids.