Sandi Sells 100 Shares of Gray Corporation Stock on December

question 44

Multiple Choice

Sandi sells 100 shares of Gray Corporation stock on December 4,2016.She inherited the stock from Christine,who died on January 30,2016.The executor of the estate used the primary valuation date.Sandi's holding period for the stock is

• A)Long-term.
• B)Short-term.
• C)Long-term if sold at a gain; short-term if sold at a loss.
• D)Short-term if sold at a gain; long-term if sold at a loss.

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Definitions:

Serial Position Effect

A memory phenomenon where individuals are more likely to remember items at the beginning (primacy effect) and end (recency effect) of a list, than those in the middle.

Three-stage Model

A model describing memory processing in three stages: sensory memory, short-term memory, and long-term memory.

Psychology

Scientific study of behavior and mental processes.

Memory

The mental capacity for storing and retrieving information.