Which of the Following Events Causes the Purchaser of an Option

question 14

Multiple Choice

Which of the following events causes the purchaser of an option to add the cost of the option to the basis of the property to which the option relates?

• A) The option is exercised.
• B) The option is sold.
• C) The option lapses.
• D) The option is rescinded.
• E) None of the above.

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Definitions:

Expression

In computer science, an expression is a combination of values, variables, and operators, which are interpreted by a computer to produce another value.

Condition

A specific state of being or existence of something, often related to quality, appearance, or working order.

Comment

In a script, a comment is used to explain what some part of the code does, but it is ignored by the computer when running the script.

Technician

A professional skilled in diagnosing and repairing technical problems in machinery, computers, and electronic devices.