Carrot Corporation, a C Corporation, Has a Net Short-Term Capital

question 126

Multiple Choice

Carrot Corporation, a C corporation, has a net short-term capital gain of $65,000 and a net long-term capital loss of $250,000 during 2019. Carrot Corporation had taxable income from other sources of $720,000. Prior years'
Transactions included the following: $$\begin{array} { l l r } 2015 & \text { Net long-term capital gain } & \$ 150,000 \\2016 & \text { Net short-term capital gain } & 60,000 \\2017 & \text { Net short-term capital gain } & 45,000 \\2018 & \text { Net long-term capital gain } & 35,000\end{array}$$ Compute the amount of Carrot's capital loss carryover to 2020.

• A) $0
• B) $32,000
• C) $45,000
• D) $185,000
• E) None of these.

Utilize ratios to analyze stock market transactions and currency exchange impacts.

Understand how ratios are used in budgeting and forecasting in government and corporate settings.

Grasp the concept of maintaining the same ratio under changing conditions in sports, business, and finance.

Understand the basic forms of business ownership and their characteristics.

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Definitions:

Misspelled Name

An error in the way a person's name is spelled on a document or in a database, which can lead to issues or confusion.

Endorse

To sign the back of a financial document or to publicly support a product, candidate, or policy.

Actual Name

The legal name under which an individual or entity is registered for official purposes.

Ethnocentrism

The belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a general disdain for other cultures.