Betty purchased 500 shares of Newmont Mining Company for $10,000 on January 15, 2016. She sold those shares on July 1, 2016 for $20,000. Betty
Betty purchased 500 shares of Newmont Mining Company for $10,000 on January 15, 2016. She sold those shares on July 1, 2016 for $20,000. Betty has:
a. a long-term capital gain of $10,000.
b. a long-term capital loss of $10,000.
c. a short-term capital gain of $10,000.
d. a short-term capital loss of $10,000.
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Authors: Robert F. Meigs, Jan R. Williams, Susan F Haka, Mark S. Bettner
International 11th Edition
007115809X, 978-0071158091
