Which of the Following Does NOT Ultimately Result in a Capital

question 100

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.

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Definitions:

South African Law

The legal system governing the Republic of South Africa, encompassing its statutes, case law, and legal principles.

Reasonable Care

The degree of caution and concern an ordinarily prudent and rational person would use in similar circumstances.

Faulty Handrail

A handrail that is defective, broken, or improperly installed, posing a safety risk.

Assumption of the Risk

A legal doctrine that a person may not recover for injuries received from a dangerous activity if they voluntarily exposed themselves to the danger with full knowledge of the risks.