Question

Rey bought 10 shares of Apex Co. for $17 each and later sold all of them at

$16 each. This transaction resulted in what type of event?
O
A. Capital win
O
B. Capital gain
O
C. Capital loss
D. Capital profit
SUBMIT

Answer 1

Capital Loss

Step-by-step explanation:

Answer 2

C. Capital Loss

Step-by-step explanation:

When the selling price of an asset like bonds etc exceeds it purchase price then the capital profit will be the difference between sale and purchase price.

But if the purchase price is greater than the sale price the difference is called Capital loss.

Example: if we buy 100 shares for $20 each and after a year sell them for $ 18 then the difference is called the capital loss.