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When an Equity Security Is Sold,the Sale Proceeds Are Compared

question 50

True/False

When an equity security is sold,the sale proceeds are compared with the cost,and if the cost is greater than the proceeds,a gain on the sale of the security is recorded.


Definitions:

Fractions

Represents parts of a whole or a collection, expressed with different numbers on the top (numerator) and bottom (denominator) of a slash or line.

Whole Numbers

Non-negative integers, including zero, without any fractional or decimal parts.

Fractions

A mathematical expression representing the division of one quantity by another, typically written with a numerator above a denominator.

Lowest Terms

A fraction reduced to the lowest possible terms while retaining its original value.

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