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Carter sold 100 shares of Mitsui, Inc., for $8,000, but he only recognized $2,000 as income because the original purchase price was $6,000. This is

Carter sold 100 shares of Mitsui, Inc., for $8,000, but he only recognized $2,000 as income because the original purchase price was $6,000. This is because of the:

a.ability-to-pay concept.

b.arm's-length transaction concept.

c.capital recovery concept.

d.legislative grace concept.

e.all-inclusive income concept.

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