Carrot Corporation,a C Corporation,has a Net Short-Term Capital Gain of $65,000

question 44

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 2015.Carrot Corporation had taxable income from other sources of $720,000.Prior years' transactions included the following: 2011 Net long-term capital gain $150,000 2012 Net short-term capital gain 60,000 2013 Net short-term capital gain 45,000 2014 Net long-term capital gain 35,000 Compute the amount of Carrot's capital loss carryover to 2016.

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

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Definitions:

Dividends Received

Payments received by an investor or a company from owning shares in another company.

Corporation Owns

Assets or property held by a corporation, which can include cash, inventory, equipment, and real estate.

Premium Or Discount

Refers to the amount by which the selling or purchase price of a financial instrument differs from its face value.

Amortized

The process of gradually reducing the cost of an intangible asset through systematic charges to expense over its useful life.