Transcribed image text : Studios reported a net capital loss of $34,500 in year 5. It reported

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Transcribed image text : Studios reported a net capital loss of $34,500 in year 5. It reported net capital gains of $23,000 in year 4 and $36,000 in year 6. What is the amount and nature of the book-tax difference in year 6 related to the net capital carryover? Multiple Choice $24,500 unfavorable. $24,500 favorable. $11,500 unfavorable. $11,500 favorable

Posted Date: Jun 25, 2024 02:20 PM

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Transcribed image text : Studios reported a net capital loss of $34,500 in year 5. It reported

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