A capital gain
A)is the negative difference between the purchase price and the sale price of an asset.
B)is the positive difference between the purchase price and the sale price of an asset.
C)is the increase in income that is not subject to personal income taxation.
D)is the income received from stocks and bonds.

Question

Quizplus · Accepted Answer

A capital gain is the profit earned by selling an asset for more than its purchase price. Therefore, it is the positive difference between the purchase price and the sale price of an asset.

A Capital Gain