If a Stock Was Purchased for $5,000 in January 2010

question 42

Multiple Choice

If a stock was purchased for $5,000 in January 2010 and is 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:

Illegal Downloading

The act of obtaining files, such as music, movies, or software, from the internet without proper authorization or payment.

Intervention

The act of intervening in a situation or process to improve outcomes or prevent undesirable consequences.

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The discomfort experienced when holding two or more conflicting cognitions (ideas, beliefs, values, emotional reactions).

Attained Goal

An objective or target that has been successfully achieved.