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algol13
4 years ago
10

Teresa purchased a necklace for $100 in 1964. In 2014, Teresa gave the necklace to her granddaughter, Lindsey.

Business
1 answer:
padilas [110]4 years ago
8 0

Answer:

d)$1,100 long-term capital gain

Explanation:

Given the information from the question. We know that a long-term capital gain or loss comes from investment that was possessed for a year or longer. However in this case, since the necklace was a gift .Therefore, there were no capital gain in 2014. In 2016, Lindsey sold the necklace for $1200. Therefore, the capital gain on the necklace will calculated as $1200- $100 = $1100. Where the $100 is a cost purchase for the previous owner. Therefore, long-term capital gain is $1100 which is option D.

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<u>Explanation:</u>

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3 years ago
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Is It important to follow directions from supervisors even when you disagree with them
kiruha [24]
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4 years ago
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8 0
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<h3>What is the meaning of performance?</h3>

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Standards are established for each massive production input or job, serving as benchmarks for monitoring performance and being compared to real input amounts and prices. As a result, options one, three, and four are correct.

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brainly.com/question/15466511

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6 0
1 year ago
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