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Chip bought 10 shares of apex company for $40 each and later sold all of them at $45 each. this transaction resulted in what type of event?

Chip bought 10 shares of apex company for $40 each and later sold all of them at $45 each. this transaction resulted in what type of event?
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Chip bought 10 shares of apex company for $40 each and later sold all of them at $45 each. this transaction resulted in what type of event?

asked
User Danielius
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8.1k points

1 Answer

5 votes
The correct answer is capital gain.
answered
User Arun Balakrishnan
by
9.4k points
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