Multiple Choice
Virgil was leasing an apartment from Mauve,Inc.Mauve paid Virgil $1,000 to cancel his lease and move out so that Mauve could demolish the building.As a result:
A) Virgil has a $1,000 capital gain.
B) Virgil has a $1,000 capital loss.
C) Mauve has a $1,000 capital loss.
D) Mauve has a $1,000 capital gain.
E) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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