Pure Action Cycles Inc

question 29

Essay

Pure Action Cycles Inc.,a bicycle manufacturer,has a net capital loss in 2017 of $64,000.It had net capital gains of $21,500 in 2016,$45,000 in 2015,$10,000 in 2014 (but suffered a net operating loss in 2014),and $8,000 of net capital gain in 2012.What is the net capital gain in 2016 after the carryback is applied?

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Definitions:

Evaluate Supply Sources

The process of assessing potential suppliers to determine their ability to deliver goods or services in a timely, cost-effective, and quality-focused manner.

Spend Analysis

The process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing costs, improving efficiency, and monitoring compliance.

Sourcing Strategy Process

The methodology and approach taken by an organization to identify, evaluate, and engage suppliers for acquiring goods and services.

High Risk

Pertains to the potential for significant loss or failure, often used in finance, investment, and project management to describe ventures with uncertain outcomes.