All of the Following Losses Are Deductible Except

question 78

Multiple Choice

All of the following losses are deductible except

• A)decline in value of securities.
• B)total worthlessness of securities.
• C)abandonment of business property.
• D)destruction of personal-use property by fire,storm,or casualty.

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Definitions:

Nondisjunction

Failure of the homologous chromosomes or sister chromatids to separate during either mitosis or meiosis; produces cells with abnormal chromosome numbers.

Homologous Chromosomes

Pair of chromosomes that have the same gene sequences, each derived from one parent.

Meiosis

A type of cell division that reduces the chromosome number by half, resulting in the production of gametes or spores in sexually reproducing organisms.

Sex Chromosomes

Chromosomes that differ between the sexes; in humans, these represent the X and Y chromosomes.