What is the difference between a capital gain and a capital loss.

A) A capital gain occurs when an asset is sold for more than its original purchase price, while a capital loss occurs when an asset is sold for less than its original purchase price
B) A capital gain occurs when an asset is sold for less than its original purchase price, while a capital loss occurs when an asset is sold for more than its original purchase price
C) A capital gain and a capital loss both refer to the same thing
D) A capital gain and a capital loss refer to an increase in the value of an asset over time
Answer: A) A capital gain occurs when an asset is sold for more than its original purchase price, while a capital loss occurs when an asset is sold for less than its original purchase price

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