Which of the Following Sales Results in a Short-Term Gain/loss

question 88

Multiple Choice

Which of the following sales results in a short-term gain/loss?

• A)A capital asset bought on June 30, 2015 and sold June 20, 2016.
• B)A capital asset bought on July 25, 2015 and sold August 19, 2016.
• C)A capital asset bought on September 12, 2009 and sold August 19, 2016.
• D)A capital asset bought on August 15, 2015 and sold August 16, 2016.
• E)All of the above are long-term gains/losses.

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Definitions:

Allergy

An immune system response to a foreign substance (allergen) that is not typically harmful to the body, which can cause various symptoms.

Chronic Obstructive Pulmonary Disease

A group of lung conditions that cause breathing difficulties, including emphysema and chronic bronchitis.

Poor Appetite

Reduced desire to eat, which can be a symptom of various medical conditions or may occur as a side effect of certain treatments.

Weight Loss

The reduction of total body mass due to a loss of fluid, body fat, or lean mass, often pursued for health, fitness, or aesthetic reasons.