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Bourne Guitars, a corporation, reported a $184,000 net 1231 gain for year 6. Problem 11-51 Part-a (Algo) a. Assuming Bourne reported $67,500 of nonrecaptured net

Bourne Guitars, a corporation, reported a $184,000 net 1231 gain for year 6.

Problem 11-51 Part-a (Algo)

a. Assuming Bourne reported $67,500 of nonrecaptured net 1231 losses during years 15, what amount of Bournes net 1231 gain for year 6, if any, is treated as ordinary income?

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