A capital asset includes which of the following?
I.real estate held as an investment in rental property.
II.the copyright to a song held by its writer.
III.real estate used in a trade or business.
IV.accounts receivable.

A)Only statement I is correct.
B)Statements I and II are correct.
C)Statements III and IV are correct.
D)Statements I, II, and III are correct.
E)Statements I, II, III, and IV are correct.

Question

A capital asset includes which of the following?
I.real estate held as an investment in rental property.
II.the copyright to a song held by its writer.
III.real estate used in a trade or business.
IV.accounts receivable.
​
A)Only statement I is correct.
B)Statements I and II are correct.
C)Statements III and IV are correct.
D)Statements I, II, and III are correct.
E)Statements I, II, III, and IV are correct.

Quizplus · Accepted Answer

The Answer of A capital asset includes which of the following?
I.real estate held as an investment in rental property.
II.the copyright to a song held by its writer.
III.real estate used in a trade or business.
IV.accounts receivable.
​
A)Only statement I is correct.
B)Statements I and II are correct.
C)Statements III and IV are correct.
D)Statements I, II, and III are correct.
E)Statements I, II, III, and IV are correct.

A Capital Asset Includes Which of the Following