What Is the Basis of Artistic Works That Have Been

question 57

Multiple Choice

What is the basis of artistic works that have been gifted to another by the creator?

• A)Artistic works are not capital assets for the creator or the recipient of the artistic works if given as a gift.
• B)Artistic works are not capital assets for the creator but are capital assets in the hands of the recipient if the creator gave the artistic works as a gift.
• C)Artistic works are capital assets to the creator if they are sold to an unrelated person.
• D)Artistic works are capital assets if they were available for sale in an art gallery.

---

Definitions:

Standard Deviation

A statistical index that signifies the distribution of data points around the mean of a dataset.

Critical Value

The threshold value that a test statistic must exceed to reject the null hypothesis in a statistical test.

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is in fact true. It is used to determine the threshold of statistical significance.

Population Variances

A measure of the dispersion or spread of a population's values, calculated as the average of the squared differences from the population mean.