Question
When a securities trader or stockbroker buys and sells shares of publicly traded companies, the resulting gains ________. A. are capital gains, but can be
When a securities trader or stockbroker buys and sells shares of publicly traded companies, the resulting gains ________.
A.
are capital gains, but can be included in net income at 100% of the gain
B.
can be business income or capital gains, depending on how long the shares were owned
C.
are considered business income
D.
are considered capital gains
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Get StartedRecommended Textbook for
Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
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