9. When a business property sale is reported on Form 4797 of a Form 1040, which of the following statements best describes how this data should be handled in a global cash flow?

A.Include the sales proceeds net of any debt repayment and expenses of sale if sales activities occur regularly.

B.Include net gains or losses on sales made through a partnership or Subchapter s corporation.

C.Exclude any sales proceeds unless the seller has provided direct financing to the purchaser.

D.Exclude net gains from the sale of stocks held for longer than one year and gross proceeds from stocks owned less than a year.