Gabrielle Has the Following Gains and Losses for the Current

question 27

Multiple Choice

Gabrielle has the following gains and losses for the current year:
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What is Gabrielle's net capital gain or loss position for the year?

• A)$7,000 net short-term capital loss.
• B)$3,000 net short-term capital gain.
• C)$5,000 net short-term capital loss.
• D)$3,000 net short-term capital gain

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Definitions:

Cleavage

Cleavage in geology refers to the tendency of minerals to split along specific planes where the bonds are weakest, resulting in smooth, flat surfaces.

Noble Gases

A group of chemical elements with very low reactivity, including helium, neon, argon, krypton, xenon, and radon.

Periodic Table

A tabular arrangement of chemical elements, organized on the basis of their atomic numbers, electron configurations, and recurring chemical properties.

Rock-forming Minerals

Minerals that make up a significant part of the Earth’s crust, playing a key role in the formation of rocks.