If a Stock Was Purchased in January 2009 for $1,000

question 46

Multiple Choice

If a stock was purchased in January 2009 for $1,000 and sold in December 2010 for $3,000,a ________ of $2,000 results.

• A)long-term capital gain
• B)short-term capital gain
• C)long-term capital loss
• D)short-term capital loss

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Definitions:

Adaptation

The process of changing or modifying something to better suit a new environment or conditions.

Synergize

Synergize refers to the process of two or more entities coming together to produce a combined effect greater than the sum of their separate effects, often used in teamwork and collaboration contexts.

Ethically

In a manner consistent with moral principles, ensuring actions are right and good from an ethical standpoint.

Embellishing

The act of adding decorative details or features to something, often to make it more attractive or interesting.