Question
A CORPORATION HAS A NLTG OG $40,000 AND A NSTL OF $10,000 IN THE CURENT YEAR. IT HAD CAPITAL GAINS(LOSSES AS FOLLOWS IN THE PREVIOUS
A CORPORATION HAS A NLTG OG $40,000 AND A NSTL OF $10,000 IN THE CURENT YEAR. IT HAD CAPITAL GAINS(LOSSES AS FOLLOWS IN THE PREVIOUS YEARS:
YEAR 3 $20,000
YEAR 2 (35,000)
YEAR 1 10,000
HOW MUCH MUST THE CORPORATION ADD TO ITS OTHER INCOME DUE TO CAPITAL GAINS TO DETERMINE TAXABLE INCOME IN THE CURRENT YEAR
5000
25000
30000
35,000
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Auditing a business risk appraoch
Authors: larry e. rittenberg, bradley j. schwieger, karla m. johnston
6th Edition
9780324645095, 324645090, 978-0324375589
