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help please! This year. PRS Corporotion generated 5300,000 income from the performance of consulting services for its clients. It sold two wssets during the yeoc,
help please! This year. PRS Corporotion generated 5300,000 income from the performance of consulting services for its clients. It sold two wssets during the yeoc, recognizing a $36.000 gain on the first sale and a $49,000 loss on the second sale Compute PRss it thxabie income assuming that: Required: a. Both the gain and the loss were capital. b. Both the gain and the loss were ordinary c. The gain was ordinaly, and the loss was capatal d. The gain wos coptal, and the loss wos ordinary
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