During 2016,Trevor Has the Following Capital Transactions

question 84

Multiple Choice

During 2016,Trevor has the following capital transactions:
LTCG
$ 6,000
Long-term collectible gain
2,000
STCG
4,000
STCL
10,000
After the netting process,the following results:

• A)Long-term collectible gain of $2,000.
• B)LTCG of $6,000,Long-term collectible gain of $2,000,and a STCL of $6,000.
• C)LTCG of $6,000,Long-term collectible gain of $2,000,and a STCL carryover to 2017 of $3,000.
• D)LTCG of $2,000.
• E)None of these.

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Definitions:

Face Validity

Refers to the extent to which a test appears to measure what it claims to measure, based on superficial judgment.

Convergent Validity

A type of validity that assesses whether measures that should be related, based on the study hypotheses, are actually related.

Discriminant Validity

The extent to which a test or measure differentiates between distinct groups or constructs, showing it is not correlating too highly with measures from different constructs.

Split-half Reliability

A measure of consistency where a test is divided into two parts and an individual's scores on both halves are compared.