Multiple Choice
Jane purchased General Motors stock for $20,000. Seven years later, in 2015, she sold the stock for $35,000. What is Jane's gain or loss?
A) $15,000 long-term gain
B) $15,000 short-term gain
C) $15,000 extraordinary gain
D) No gain or loss is recognized.
Correct Answer:
Verified
Correct Answer:
Verified
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