Verway,Inc

question 69

Multiple Choice

Verway,Inc. ,has a 2014 net § 1231 gain of $55,000 and had a $62,000 net § 1231 loss in 2013.For 2014,Verway's net § 1231 gain is treated as:

• A)$55,000 ordinary loss.
• B)$55,000 ordinary gain.
• C)$55,000 capital loss.
• D)$55,000 capital gain.
• E)None of these.

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Definitions:

Carotid Baroreceptors

Sensory receptors located in the carotid arteries that detect changes in blood pressure and help regulate cardiovascular function.

Glossopharyngeal Nerve

The ninth cranial nerve, which carries sensory and motor information to the pharynx, tongue, and other areas, playing a role in swallowing and taste.

Sympathetic Nerve

Part of the autonomic nervous system that prepares the body for fight or flight response, regulating heart rate, blood pressure, and energy mobilization.

Glossopharyngeal Nerve

The ninth cranial nerve, responsible for taste and sensory functions in the tongue and throat, as well as stimulating salivary gland secretion.