Provide an appropriate response.
-If you buy an item (such as property or stock)at one price and later sell it at a higher price, the profit is called a capital gain.

Name: Provide an appropriate response. -If you buy an item (such as property or stock)at one price and later sell it at a higher price, the profit is called a capital gain.
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Question

Quizplus · Accepted Answer

Capital gain refers to the profit earned from the sale of an asset, such as property or stock, when it is sold for more than its purchase price.

Provide an Appropriate Response