Oliver Purchased the Following Stock of Doggie Treats Inc

question 71

Multiple Choice

Oliver purchased the following stock of Doggie Treats Inc., 2014 10 shares @ $10
2015 10 shares @ $12
2016 20 shares @ $14
If Oliver sold 25 shares of stock in 2016 for $265,what is the loss on the sale of the stock? Assume the shares purchased in 2015 were held for more than one year.

• A)$9.50 long-term loss and $38.00 short-term loss.
• B)$8.00 short-term loss and $17.00 long-term loss.
• C)$8.00 long-term loss and $17.00 short-term loss.
• D)$9.50 short-term loss and $38.00 long-term loss.

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Definitions:

Narcissism

A personality trait characterized by an inflated sense of self-importance, need for admiration, and a lack of empathy for others.

Reciprocal Determinism

A concept in psychology that suggests an individual's behavior is both influenced by and influences their personal factors and the environment.

Secure Self-esteem

A stable sense of confidence and satisfaction in one's own worth or abilities.

Maturity Principle

The notion that individuals become more conscientious and agreeable while less neurotic as they age.