Ted Sells 200 Shares of Common Stock for $2,000

question 120

Multiple Choice

Ted sells 200 shares of common stock for $2,000. The stock cost Ted $500 several years ago. Ted's realized gain from the sale is only $1,500. Which of the following provides support for this treatment?

• A)Annual Accounting Period Concept.
• B)Capital Recovery Concept.
• C)Wherewithal-To-Pay Concept.
• D)Claim of Right Doctrine.
• E)Constructive Receipt Doctrine.

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