"Tiny Dancer" Is the Name of a Bronze Figurine Created

question 6

Multiple Choice

"Tiny Dancer" is the name of a bronze figurine created by artist Diego Ossa.The owner recently recognized a $43,500 gain on sale of the figurine.Which of the following statements is false?

• A)If Diego Ossa was the seller,the gain is ordinary.
• B)If a commercial art gallery that had held Tiny Dancer in its inventory was the seller,the gain is ordinary.
• C)If a private collector who purchased Tiny Dancer from an art gallery was the seller,the gain is capital gain.
• D)None of the above is false.

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Definitions:

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Pertaining to the present time or most recent; also refers to a flow of electricity through a conductor.

Past

Refers to all events or periods that have occurred before the present time, often studied in the context of history to understand patterns of change and development.

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Capable of happening or existing under the right circumstances.

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That which cannot occur, exist, or be done; a situation or condition not feasible within the current laws of physics or reality.