Multiple Choice
Mike purchased a 1968 Chevy Corvette in 2009 for $30,000 and a year later he sold it for $36,000. Due to these transactions
A) Mike earned a capital loss of $6,000.
B) Mike earned a dividend of $36,000.
C) Mike earned a dividend of $600.
D) Mike earned a capital gain of $6,000.
Correct Answer:
Verified
Correct Answer:
Verified
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