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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

What is a capital gain?

To determine

The Concept of capital gain is to be determined.

Explanation

Capital gain is the profit made when a capital asset(property, shares, stocks, bonds) selling price is more than purchasing price. It can be short term or long term and are taxable...

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