Which of the Following Statements About Investment Property Is False

question 12

Multiple Choice

Which of the following statements about investment property is false?

• A)The term securities includes corporate stock,certificates of deposit,notes,bonds,and other debt instruments.
• B)Interest and dividends are taxed at the same rate as long-term capital gain.
• C)Interest on private activity bonds issued by a state or local government is excluded from ordinary income.
• D)A mutual fund is a diversified portfolio of securities owned and managed by a regulated investment company.

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Definitions:

Terms Of Service

Legal agreements between a service provider and a user, outlining the rules and guidelines under which the service must be used.

White Settlement

Areas primarily inhabited and established by Europeans or descendants, often in the context of colonial expansion.

Governor Berkeley

A historical figure known for his role as a colonial governor in Virginia, often associated with the governance during periods of early American history.

Free Blacks

African Americans who were not enslaved and lived in the United States before the abolition of slavery.