Sensor Corporation Was Formed and Began Operations in 2012

question 18

Multiple Choice

Sensor Corporation was formed and began operations in 2012. For that year, it had operating income of $50,000, long-term capital gains of $25,000 and short-term capital losses of $10,000. In 2013, the corporation had $5,000 of net long-term capital losses, and in 2014 the corporation had $20,000 of net long-term capital losses. How much capital loss is available to carry forward to 2015?

• A) $- 0 -
• B) $10,000
• C) $15,000
• D) $20,000
• E) $25,000

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Definitions:

Friends and Family

Personal connections that can provide initial support, funding, or resources for an individual’s endeavors or projects.

Prospective Financial Backers

Potential investors or sponsors who may provide financial support to a project, business, or initiative.

Business Plan Document

A comprehensive written proposal that details a business's objectives, strategies, market analysis, and financial plans, serving as a roadmap for growth and success.

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