Laura Purchased for $1,610 a $2,000 Bond When It Was

question 59

Multiple Choice

Laura purchased for $1,610 a $2,000 bond when it was issued two years ago.Laura amortized $200 of the original issue discount and then sold the bond for $1,800.Which of the following statements is correct?

• A)Laura has $10 of long-term capital loss.
• B)Laura has $190 of long-term capital gain.
• C)Laura has no capital gain or loss.
• D)Laura has $190 of long-term capital loss.
• E)None of the above.

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Definitions:

Color

A characteristic of visual perception described through categories such as hue, saturation, and brightness, which results from the way an object reflects or emits light.

Acuity

Acuity refers to the sharpness or clarity of vision, hearing, or other senses.

Responsive

Being quick to react or respond positively or favorably to stimuli or inputs from the environment.

Moderate Voice Pitches

Voice tones that are perceived as neither too high nor too low, often associated with effective communication and social engagement.