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Excusive of capital Transactions, X corporation had 160,000 taxable income Its capital gains and losses are as follows Short Term Capital Gain 60,000.0 Short Term

Excusive of capital Transactions, X corporation had 160,000 taxable income Its capital gains and losses are as follows Short Term Capital Gain 60,000.0 Short Term Capital Loss 75,000.0 Long Term Capital Gain 30,000.0 Long Term Capital Loss 8,000.0 a Calculate taxable income

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