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:

Base of Support

The area beneath an object or person that includes every point of contact that the object or person makes with the supporting surface.

Center of Gravity

The point in a body or system around which its mass or weight is evenly distributed or balanced.

Patient Transfer

The process of moving a patient from one location to another within or between healthcare facilities.

Cerebrovascular Accident

Also known as a stroke, it is a medical condition where there is a sudden death of brain cells due to lack of oxygen, caused by blockage or rupture of an artery to the brain.