You Just Sold 200 Shares of XYZ Inc

question 51

Multiple Choice

You just sold 200 shares of XYZ Inc. stock at a price of $38.75 a share. Last year you paid $41.50 a share to buy this stock. Over the course of the year, you received dividends totaling $1.64 per share. What is your capital gain on this investment?

• A) -$550
• B) -$222
• C) -$3
• D) $550
• E) $878

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Definitions:

Physical Controls

Physical controls are security measures implemented to protect tangible assets, including locks, security cameras, and access control systems.

Internal Control

Procedures and practices implemented by a company to safeguard its assets, ensure accurate financial reports, and ensure compliance with laws and regulations.

Cash Disbursements

The outflow of cash for expenses, investments, and other payments during a given period.

Internal Control

Processes designed to provide reasonable assurance regarding the achievement of various objectives such as the effectiveness and efficiency of operations.