Samantha Sells the Following Assets and Realizes the Following Gains

question 105

Multiple Choice

Samantha sells the following assets and realizes the following gains (losses) during the current year:
$$\begin{array} { l c } \text { Home computer (personal) } & \$ ( 600 ) \\\text { Municipal bonds } & 6,000 \\\text { Stamp collection } & 3,000 \\\text { Carpeting from residence } & ( 2,000 ) \\1956 \text { Chevrolet auto } & 4,000\end{array}$$
As a result of these sales,Samantha's adjusted gross income will:

• A)Increase by $ 5,000.
• B)Increase by $10,400.
• C)Increase by $11,000.
• D)Increase by $13,000.
• E)Decrease by $ 600.

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Definitions:

Developing

The process of growth or improvement over time, often used in the context of countries, organizations, or technology.

Carbohydrate

An organic combination of carbon, hydrogen, and oxygen as a sugar, a starch, or cellulose.

Organic Combination

A natural or seamless integration or union of elements, substances, or components.

Oxygen

A colorless, odorless, tasteless gas found in the air; chemical symbol, O2.