Multiple Choice
Jane purchased General Motors stock seven years ago for $20,000.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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