Multiple Choice
Joe E.Conomist purchased 100 shares of IBM corporation in 2011 for $10,000.In 2014, Joe sold these shares to Sally Forth for $15,000.How would this sale of stock in 2014 affect IBM corporation?
A) IBM makes $5,000 in profit.
B) IBM invests $5,000 in capital equipment.
C) IBM suffers a loss of $5,000.
D) IBM is unaffected.
Correct Answer:
Verified
Correct Answer:
Verified
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