Lucia Owns 100 Shares of Cronco Inc

Multiple Choice

Lucia owns 100 shares of Cronco Inc.which she purchased on December 1 of last year for $10,000.The stock is not Sec.1244 stock.On July 1 of the current year,Lucia receives notice from the bankruptcy court that Cronco Inc.has been liquidated,and there are no assets remaining for shareholders.As a result,Lucia will have

A) a short-term capital loss of $10,000.
B) a long-term capital loss of $10,000.
C) an ordinary loss of $10,000.
D) no loss allowed.