Which of the Following Does Not Ultimately Result in a Capital

question 1

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 these.

---

Definitions:

Sales Force

The group of employees within a company responsible for selling the company's products or services.

Health Coverage

Insurance or plan that provides for the payment of benefits as a result of sickness or injury, including coverage for medical and surgical expenses.

Alpha Male

A dominant male individual in a particular group who has the highest rank and may gain priority access to resources or mates.

Office Operations

The day-to-day activities and tasks that are essential for an office or organization to function effectively and efficiently.