Jeannie Purchased 1,000 Shares in Course Developers for $10,000 on August

question 51

Multiple Choice

Jeannie purchased 1,000 shares in Course Developers for $10,000 on August 11, 2014. The company went bankrupt on May 11, 2015 with no hope of recovery for the shareholders. On what date is the stock deemed to be worthless and what is the nature of the loss?

• A) December 31, 2014 short-term loss in 2014.
• B) December 31, 2015, short-term loss in 2015.
• C) December 31, 2015, long-term loss in 2015.
• D)May 11, 2015, short-term loss in 2015.

---

Definitions:

Supervisor Relationship

The dynamic and interaction between a supervisor and their subordinates, influencing workplace satisfaction and productivity.

Performance-Based Pay

A compensation strategy where employee pay is directly linked to their performance or achievements.

Unionized Organizations

Organizations where the workforce is represented by one or more unions, impacting negotiations on wages, working conditions, and benefits.

Getting Ready

A phase of preparation or the process of making something or someone ready for an event or operation.