Vertical,Inc

question 95

Multiple Choice

Vertical,Inc. ,has a 2015 net § 1231 gain of $67,000 and had a $22,000 net § 1231 loss in 2014.For 2015,Vertical's net § 1231 gain is treated as:

• A)$45,000 long-term capital gain and $22,000 ordinary loss.
• B)$67,000 ordinary gain.
• C)$45,000 long-term capital gain and $22,000 ordinary gain.
• D)$67,000 capital gain.
• E)None of the above.

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Definitions:

ΔG°

The standard Gibbs free energy change, indicating the spontaneity of a reaction under standard conditions.

% Conversion

A measure of the efficiency of a chemical reaction, denoting the percentage of reactants that have turned into products.

Substitution Reaction

A type of chemical reaction where one atom or group of atoms in a molecule is replaced by another atom or group of atoms.

ΔG° Value

Represents the standard free energy change of a reaction at constant temperature and pressure, indicating the spontaneity of the process.