An individual has the following recognized gains and losses from disposition of § 1231 assets (all the assets were vacant land): $15,000 gain, $10,000 loss, $25,000 gain, and $2,000 loss. the individual has a $5,500 § 1231 look-back loss. the individual also has a $16,000 net short-term capital loss from the disposition of stock. which of the following statements is correct? a. the taxpayer has $12,000 net long-term capital gain. b.the taxpayer has $5,500 ordinary loss and $6,500 net long-term capital gain. c.the taxpayer has $28,000 ordinary gain and $16,000 net short-term capital loss. d.the taxpayer has $5,500 ordinary gain and $6,500 net long-term capital gain. e.none of these choices are correct.

answer; communication channel;

are you looking for a specific answer?

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know