Lamont Bought a Share of Stock in the ABC Corporation

question 12

True/False

Lamont bought a share of stock in the ABC Corporation for $50. When he sold the stock later that year, he received $70. The par value of the stock is $5. Lamont's capital gain is $25.

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Definitions:

Enzymes

Biological catalysts that speed up the rate of chemical reactions in the body without being consumed or permanently altered.

Electric Spark

A sudden discharge of electricity through the air, producing a bright flash of light and often accompanied by a sharp crackling sound, typically occurring when a high voltage is applied across a gap in a circuit.

Miller-Urey Experiment

A landmark experiment conducted in 1953 that simulated the conditions thought to exist on early Earth, demonstrating that organic compounds could be formed from inorganic compounds.

Lightning

A sudden electrostatic discharge during a thunderstorm between electrically charged regions of a cloud or between a cloud and the ground.