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7. Maria, who is single, had the following items for the tax year: Salary Loss on sale of 1244 small business stock acquired 3
7. Maria, who is single, had the following items for the tax year: Salary Loss on sale of 1244 small business stock acquired 3 years ago Stock acquired 2 years ago became worthless during the year Long-term capital gain $80,000 (60,000) (5,000) 25,000 Nonbusiness bad debt Determine Maria's adjusted gross income: (15,000)
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
