Why did the Supreme Court rule in Arkansas Best that the stock of a corporation purchased by the taxpayer to protect the taxpayer's business reputation was a capital asset? Question content area bottom Part 1 A. The Supreme Court ruled that the stock was a capital asset since the purchased stock was to hedge a transaction against the corporation acquiring inventory. This is within the definition of a capital asset. B. The Supreme Court ruled that the stock was a capital asset since the taxpayer purchased the stock for the benefit of the corporation's reputation and not for personal use. This falls within the definition of a capital asset. C. The motive for purchasing the stock is not relevant in determining whether or not the stock is a capital asset. The stock is not within one of the classes of property excluded from capital-asset status. D. The motive for purchasing the stock is relevant to determine if the stock should receive capital-asset status. The taxpayer's reason for the purchase classifies the asset as capital once it is proven the purchase is for a trade or business purpose