Multiple Choice
Which of the following is a capital asset?
A) Supplies used in a business
B) Business inventory
C) Land used in a business
D) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q14: Rizzi Corporation sold a capital asset with
Q30: This year,Adula Company sold equipment purchased in
Q32: Mr.Quick sold marketable securities with a $112,900
Q36: Nolan Inc.sold marketable securities with a $223,000
Q37: Milton Inc.recognized a $16,900 gain on sale
Q49: Zeron Inc. generated $1,349,600 ordinary income from
Q60: The same asset may be an ordinary
Q82: Brenda sold investment land for $200,000 in
Q92: Every gain or loss realized on the
Q100: Which of the following results in a