What is meant by Capital Gain?
(A) Appreciation in the money value of assets
(B) Additions to the capital invested in a business
(C) Part of profits added to the capital
(D) None of the above.
Correct Answer : Appreciation in the money value of assets
A capital gain is a profit that results from a disposition of a capital asset, such as stock, bond or real estate, where the amount realized on the disposition exceeds the purchase price.
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