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Kristy is in the business of creating posters (display art) for the movie industry. He creates a poster and sells it for a lump sum.
Kristy is in the business of creating posters (display art) for the movie industry. He creates a poster and sells it for a lump sum. He has...
1. sold a capital asset
2. sold an ordinary asset
3. no gain or loss
4. an ordinary gain
5. b and d
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