Author Question: Javier purchased a 1972 Dodge Charger in 2011 for $17,000 and a year later he sold it for $21,000. ... (Read 78 times)

silviawilliams41 · **on:** Apr 19, 2019

Question 1

Eddie purchased an autographed Kobe Bryant basketball when he was 17 years old for a total cost of $200 and then sold the basketball 4 years later for $700. Due to these transactions

◦ Eddie earned a capital gain of $500.
◦ Eddie earned a capital gain of $700.
◦ Eddie earned a dividend of $500.
◦ Eddie earned a dividend of $900.

Question 2

Javier purchased a 1972 Dodge Charger in 2011 for $17,000 and a year later he sold it for $21,000. Due to these transactions

◦ Javier earned a capital gain of $4,000.
◦ Javier earned a capital gain of $21,000.
◦ Javier earned a dividend of $17,000.
◦ Javier earned a dividend of $21,000.

yuyiding · **Reply #1 on:** Apr 19, 2019

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