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Exclusive of capital transactions, X corporation had $150,000 taxable income. Its capital gains and losses are follwos: Short term capital gain 10,000 Short term capital

Exclusive of capital transactions, X corporation had $150,000 taxable income. Its capital gains and losses are follwos: Short term capital gain 10,000 Short term capital loss -15,000 Long term capital gain 30,000 -40,000 Long term capital loss Calculate Taxable income N w

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