Bear Corporation Has a Net Short-Term Capital Gain of $35,000

question 32

Multiple Choice

Bear Corporation has a net short-term capital gain of $35,000 and a net long-term capital loss of $200,000 during 2012.Bear Corporation has taxable income from other sources of $600,000.Prior years' transactions included the following: Compute the amount of Bear's capital loss carryover to 2013.

• A)$0.
• B)$60,000.
• C)$105,000.
• D)$165,000.
• E)$200,000.

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Definitions:

Religious Discrimination

Unfair treatment of individuals or groups based on their religious beliefs or practices.

Right-to-Sue Letter

A document from an agency, such as the Equal Employment Opportunity Commission, giving a complainant the right to file a court lawsuit against their employer.

Private Plaintiff

An individual or private party who brings a lawsuit or legal action against another party, as opposed to actions brought by the government or public entities.

EEOC

Equal Employment Opportunity Commission, a U.S. federal agency that administers and enforces civil rights laws against workplace discrimination.