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4 Distinguish between a long-term holding period and a short-term holding period s. Bricfly define "capital asset 6. Which of the following is a capital asset? Explain s a gold ring roceived as a git b a personal automobile accounts receivable obtained in the oedinary course of business d shares of stock in ABC Corp a building owned and used by ABC Corp. business cars and trucks owned and used by ABC corp. g a oopyright on a book written and owned by the author 7.List 5 examples of capital assets not in the text 8. Define "net capital gain 9. How is the "amount realized" computed 10. What is the formula the "adjusted I1. Define realized gain and "rcalized loss. 12. Detine "recognized gain" and "recognized loss. to compute the "adjusted basis" and define each term in the formala. . Julie sold her house. At the time of purchase, she paid $50,000 so the seller and $5000 in closing costs. Five years later, she paid s20,000 to add a room could not get a mongage, be also gave Julie a car valued at $10,000 and agreed to pay the remaining $20.000 onk i The purchaser of Julie's house gave Jalic 570,000 im mrigae on Julie's hous What s Julie's rcalined gais or loss on the sale