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NEW QUESTION: 1
Mr. Cashout recently sold some mutual fund shares that he owned. The sale resulted in long -term capital gain income of $6,000. He also sold some shares of a stock he had purchased during the year and realized a short-term capital gain on the sale of $2,000. The sale of another individual stock resulted in a short-term capital loss of $3,500. Mr. Cashout also had some bonds that he had bought at a premium mature, resulting in a long-term capital loss of $500.
What is Mr. Cashout's net capital gain or loss from these transactions?
A. a net long-term capital gain of $4,500
B. a net long-term capital gain of $4,000
C. a net short-term capital loss of $4,000
D. a net long-term capital gain of $8,000
Answer: B
Explanation:
Explanation/Reference:
Explanation: If Mr. Cashout sold mutual fund shares for a long-term capital gain of $6,000, had bonds that matured that resulted in a short-term capital loss of $500, and realized a short-term capital gain of $2,000 and a short-term capital loss of $3,500 on the sale of shares of individual stocks that he owned, he has a net long-term capital gain of $4,000. The long-term gains and losses are netted first: $6,000 - $500
$5500 long-term gain. Then the short-term gains and losses are netted: $2,000 - $3,500 = -$1,500. The short-term capital loss can be used to offset part of the long-term capital gain, resulting in a ($5500 -
$1,500 =) $4,000 long-term capital gain.
NEW QUESTION: 2
Which method of service integration within PRPC requires the configuration of a listener?
(Choose One)
A. EJB
B. JAVA
C. File
D. SQL
Answer: C
NEW QUESTION: 3
Which of the following is least likely to impact the runtime experience of a report? (Choose One)
A. Column Exposure
B. Including a class join
C. Disabling Paging
D. The order of the columns in the report
E. Changing filter criteria
Answer: D
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