Which of the Following Is Correct Concerning Short Sales of Stock

question 48

Multiple Choice

Which of the following is correct concerning short sales of stock?

• A)At the time the short sale is made,the taxpayer does not deliver to the purchaser the shares sold short.
• B)At the time the short sale is made,the taxpayer delivers to the purchaser the shares sold short.
• C)At the time the short sale is made,the taxpayer may already own the shares sold short.
• D)At the time the short sale is made,the taxpayer always already owns the shares sold short.
• E)None of these.

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Definitions:

Sclera

The white outer layer of the eyeball, serving as protection and providing attachment for the ocular muscles.

Protect

To keep safe from harm or injury; to guard or defend from danger or risk.

Maintain Shape

The ability of an object or material to preserve its configuration or form under stress or after manipulation.

Cones

Photoreceptor cells in the retina of the eye that are responsible for color vision and function best in relatively bright light.