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Joana Corporation realized an ordinary gain of 400,000. Its capital asset transactions during the year are as follows: Holding period Capital gain 6 month

 

Joana Corporation realized an ordinary gain of 400,000. Its capital asset transactions during the year are as follows: Holding period Capital gain 6 month Capital gain 2 years Capital loss 12 months Capital loss 10 years What is Joana Corporation's taxable income? Amount 50,000 45,000 23,000 28,000

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