4. To calculate the gain, you must know the gross sales price (from which you will subtract the adjusted basis. The gross sales price is the price agreed upon by the seller and the buyer adjusted by: a. Cash and FM V of property or services received b. Seller's debt is assumed by or paid by the buyer C. Decreased by amounts given to the buyer by the seller d. All of the above 5. The holding period for capital assets is how long the taxpayer owned the asset Long-term means the asset was held for more than 12 months Short-term means the asset was held for less than 12 months a. True b. False