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OpenStudy (anonymous):
Chris bought 10 shares of Apex Company for $25 each and later sold all of them at $45 each. This transaction resulted in what type of event? A. Capital win B. Capital profit C. Capital gain D. Capital loss
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OpenStudy (anonymous):
@perl
jimthompson5910 (jim_thompson5910):
Did Chris make money? or lose money?
OpenStudy (anonymous):
made money @jim_thompson5910
jimthompson5910 (jim_thompson5910):
so we can rule out choice D
jimthompson5910 (jim_thompson5910):
because a loss didn't happen
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jimthompson5910 (jim_thompson5910):
what is the opposite of a loss?
OpenStudy (anonymous):
gain @jim_thompson5910
jimthompson5910 (jim_thompson5910):
so that's your answer
OpenStudy (anonymous):
ok thanks @jim_thompson5910
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