ABC Co. is a retail outlet. Recently ABC Co. sold its shares in Public Corp. for $10,000. The shares originally cost ABC Co. $7,000. For tax purposes, this is an example of a. capital income b. business income c. other income d. property income

ABC Co. is a retail outlet. Recently ABC Co. sold its shares in Public Corp. for $10,000. The shares originally cost ABC Co. $7,000. For tax purposes, this is an example of a. capital income b. business income c. other income d. property income

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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