Question
Bart Simpson bought 200 shares of TCB at $20. One year later, he still held the shares, and the value of TCB had risen to
Bart Simpson bought 200 shares of TCB at $20. One year later, he still held the shares, and the value of TCB had risen to $30. This $10 per share difference is considered what kid of profit?
Capital gain
Paper gain
Income gain
Taxable capital gain
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Principles Of Auditing
Authors: O. Ray Whittington, Kurt Pany, Walter B. Meigs
12th Edition
0256167796, 978-0256167795
