Tatoo Inc Reported a Net Capital Loss of $13,000 in 2014

question 107

Multiple Choice

Tatoo Inc. reported a net capital loss of $13,000 in 2014. It had a net capital gain of $4,300 in 2012 and $3,000 in 2011. In 2013, although the company suffered a net operating loss, it had net capital gains of $1,000. What is the amount of the Tatoo's capital loss carryover remaining after it applies the carryback?

• A) $4,700
• B) $5,700
• C) $8,700
• D) $13,000

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Definitions:

Political Expression

The act of expressing one’s views, beliefs, or ideas about political issues, often to influence public policy or social norms.

Feminist Consciousness

Awareness and consideration of women's rights and issues, advocating for equality and challenging traditional gender roles.

Demeaned Social Status

A condition where an individual or group is viewed and treated with disrespect or undervalued by society or a specific social context.

Feminist Therapy

A therapeutic approach that emphasizes understanding the psychological impact of gender roles and societal gender inequalities on individuals' mental health.