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In the current year, Erin had the following capital gains (losses) from the sale of her investments : $4,000 LTCG, $25,000 STCG, ($9,000) LTCL, and
In the current year, Erin had the following capital gains (losses) from the sale of her investments : $4,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's net capital gajn/loss?
A. $3,000 net long term capital loss
B. $5,000 net long term capital loss
C. $10,000 net short term capital gain
D. $5,000 net short term capital gain
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Auditing Cases An Interactive Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
5th International Edition
0132815591, 9780132815598
