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Gekata [30.6K]
3 years ago
9

David bought stock for $4,000 and one year later he sold it for $1,000. The sale resulted in a:

Business
2 answers:
AURORKA [14]3 years ago
7 0

Answer:

Capital Loss

Explanation:

A capital loss occurs when an investment asset decrease in value between the time of purchase and the time for selling. The loss is realized only when the asset is sold.  Examples of investment assets that can lose value include stocks, mutual funds, index funds, real estate, and bonds.

A capital gain or loss is the purchase price minus selling price of an investment asset. Capital gain is when the result is positive, implying that the asset has appreciated in value.  A capital gain always attracts tax.  David experienced a capital loss of  $3000 as the selling price was lower than the buying price ($ 4000-$1000).

nalin [4]3 years ago
3 0

Answer:

The sale results in a capital loss of $3,000.

Explanation:

The stock was bought for $4,000 and was later sold for $1,000 one year later. It means that David lost $3,000 on the stock.

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The significance of the bill of lading in overseas shipments is to provide which of the following?
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Answer:

D. Evidence of title transfer of goods to customers.

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Meaning of accounting​
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Answer:

Inventory balance will be of 73,318

Explanation:

Inventory                     75,400

     Account payable                75,400

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Account payable           1,300

           Inventory                          1,300

to record return of goods

Inventory                          700

            Cash                                  700

to record payment of freight

Account Payable        74,100

            Inventory                         1,482

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to record payment of invoice within discount period

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74,100 x 2% = 1,482

Inventory balance:

<em>   DEBIT         CREDIT</em>

 75,400

                       1,300

      700

                       1,482

<u><em>balance: </em></u>

  73,318

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