In 2013,Creeper Corporation Had a $4,000 Net Long-Term Capital Loss

question 127

Multiple Choice

In 2013,Creeper Corporation had a $4,000 net long-term capital loss which it could not carry back.For 2014,it had the following capital transactions: Long-term capital gain $2,000
Short-term capital gain 3,000
As a result of these transactions,for 2014 Creeper has a:

• A)Net short-term capital gain of $1,000.
• B)Net short-term capital gain of $3,000.
• C)Net long-term capital gain of $1,000.
• D)Carryover to 2015 of $2,000 long-term capital loss.
• E)None of these.

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Definitions:

Anxiety Disorders

A category of mental health disorders characterized by feelings of anxiety and fear, where anxiety is a worry about future events and fear is a reaction to current events.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.

Aversive Conditioning

A type of conditioning where an unpleasant or painful stimulus is used to reduce the occurrence of an unwanted behavior.

Stress-inoculation Therapy

A psychotherapy method that helps individuals develop coping mechanisms to deal with future stressors, thereby reducing their impact.