Sandi Sells 100 Shares of Gray Corporation Stock on December

question 50

Multiple Choice

Sandi sells 100 shares of Gray Corporation stock on December 4,2013.She inherited the stock from Christine,who died on January 30,2013.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:

Imprinting

A rapid learning process occurring soon after birth in certain animals, where they form attachments and develop certain behaviors typically towards their parents or an object.

Goslings

Young geese that have not yet reached maturity.

Releasing Stimulus

A specific sensory signal that triggers a fixed action pattern or instinctive behavior in animals.

Bowlby

Refers to John Bowlby, a British psychologist known for his pioneering work in attachment theory, emphasizing the importance of early emotional bonds.