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Wayne Purchased 10 Autographed Eli Manning Football Cards When He

Question 24

Multiple Choice

Wayne purchased 10 autographed Eli Manning football cards when he was 15 years old for a total cost of $50 and then sold those football cards 4 years later for $800. Due to these transactions


A) Wayne earned a capital gain of $800.
B) Wayne earned a capital gain of $750.
C) Wayne earned a dividend of $800.
D) Wayne earned a dividend of $750.

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