In the securities market, what is a capital gain?
What will be an ideal response?
Answer: A capital gain occurs when an investor buys a security for a certain price and sells it at a higher price. The profit made from the sale is the capital gain.
Explanation: Capital gain is the term for the profit made by selling a security for a price that is higher than the price the investor paid for it.
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Assume that on February 25, a customer who owes Berry Sales Company $2,000 is declared bankrupt by a federal court. The entry that would be made to write off this account is:
A) Allowance for Uncollectible Accounts 2,000 Accounts Receivable/Customer Account 2,000 B) Accounts Receivable/Customer Account 2,000 Allowance for Uncollectible Accounts 2,000 C) Accounts Receivable 2,000 Notes Receivable 2,000 D) Cash 2,000 Accounts Receivable 2,000
Cost can only be classified as either variable or fixed
Indicate whether the statement is true or false
Customer attributes are characteristics that allow customers to be categorized
Indicate whether the statement is true or false
What is the primary target market for a best-cost provider?
A. value-conscious buyers B. value-hunting buyers C. brand-conscious buyer D. price-conscious buyers E. best-price driven buyers