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Determine whether the sale of the following items would be classified as Taxable capital gains/allowable capital losses; Business income; 1) A furniture business sold its

Determine whether the sale of the following items would be classified as Taxable capital gains/allowable capital losses; Business income; 1) A furniture business sold its land. 2) A developer constructed a house for sale, which was then sold. 3) A car dealership sold its cars. 4) Jean sold shares in Exxon Mobil Corporation that he held for 10 years. 5) After ten successful years operating George's Hotel Inc., George decided to retir for a significant gain. Paragraph B Question 7 (3 points) I U U A E EV +

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