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Ms. Cregg has a $43,790 basis in 2,460 shares of ABD Inc. common stock. ABD recently declared bankruptcy and announced that its common stock is worthless. As a result, Ms. Cregg can recognize a $43,790 ordinary loss.
Dissociative Identity Disorder
A disorder characterized by the presence of two or more distinct personality states that control a person's behavior in different contexts.
Delusion of Reference
A false belief that innocuous events or mere coincidences have strong personal significance.
Exorcism
A religious or spiritual ritual aimed at evicting demons or spirits from a person or area believed to be possessed.
Situational Context
The specific environmental, social, and cultural conditions or circumstances in which an event or action occurs.
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