Question
GMS Ltd has the following information for the year Business investment loss (150,000) Capital Gains 8,000 Allowable capital losses (3,000) Other Division B Income 60,000
GMS Ltd has the following information for the year
Business investment loss
(150,000)
Capital Gains
8,000
Allowable capital losses
(3,000)
Other Division B Income
60,000
Charitable Donations made
(7,000)
What is the net capital loss carryforward for the year?
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
9th edition
125956455X, 978-1259564550
