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Chip bought 10 shares of apex company for 40 each and later sold all of them for 45. This transaction resulted in what type of event?

Chip bought 10 shares of apex company for 40 each and later sold all of them for 45. This transaction resulted in what type of event?
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Chip bought 10 shares of apex company for 40 each and later sold all of them for 45. This transaction resulted in what type of event?

User Jdmcbr
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1 Answer

3 votes
Appreciation transaction
Each of his shares appreciated by 5
So he ended up with a profit of 50 from the 10 Shares
User Dan Kohn
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