In 2011,the First Year of Its Existence,Chartreuse Corporation Had a Net

question 40

Multiple Choice

In 2011,the first year of its existence,Chartreuse Corporation had a net capital loss of $3,000.In 2012 and 2013,it had net capital gains of $5,000 and $8,000,respectively.In 2014,the company reported a net capital loss of $12,000.What is the amount of capital loss carryforward to 2015?

• A) $0.
• B) ($1,000).
• C) ($2,000).
• D) ($4,000).

---

Definitions:

Single Mother

A woman who has a dependent child or dependent children and who is widowed, divorced, or unmarried.

Stepchildren

Children brought into a family by a new spouse who are not the biological offspring of that spouse.

Inheritance

Assets, money, or property received from someone who has died, transferred through legal means such as a will or through intestate laws if no will exists.

Creditors

Individuals or institutions that lend money or extend credit to others, expecting to be repaid.