Which of the Following Does Not Ultimately Result in a Capital

question 93

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 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.

---

Definitions:

Bog Areas

Areas characterized by spongy ground with decaying plant matter, often accumulating peat and hosting unique ecosystems.

Anatomically Modern Humans

Refers to members of the species Homo sapiens with physical characteristics similar to those of humans living today.

Neandertals

An extinct species of archaic humans that lived throughout Europe and parts of Asia until about 40,000 years ago, known for their robust physical characteristics and cultural complexity.

Homo Erectus

An extinct species of hominid that lived throughout most of the Pleistocene geological epoch, known for being one of the first early humans to have human-like body proportions.