Under which of the following conditions is a loss allowed? a. when securities became completely worthless during the prior year b. when it appears that securities will become completely worthless during the year c. when securities become completely worthless during the year d. when it appears that securities will become partially worthless during the year e. when it appears that securities will become worthless within the next two years.

Which of the following best describes the term capitalism? it is a concept that holds, at a minimum, that all people are entitled to equal protection under the law. it is an economic system based on the private ownership of wealth-producing property. it is a set of political beliefs that include the advocacy of active government. it is an intrinsic property which measures the disregard for material possessions. it is a more popular term for the set of political beliefs known as liberalism.