When a securities trader or stockbroker buys and sells shares of publicly traded companies, the resulting gains
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Question:
When a securities trader or stockbroker buys and sells shares of publicly traded companies, the resulting gains ________.
A.
are capital gains, but can be included in net income at 100% of the gain
B.
can be business income or capital gains, depending on how long the shares were owned
C.
are considered business income
D.
are considered capital gains
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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