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Albatross, a C corporation, had $140,000 net income from operations and a $25,000 short-term capital loss in the current year. Albatross Corporation's taxable income is $140,000.
Reframe
The technique of changing the perspective on a situation, thought, or belief to view it in a more positive or constructive light.
Double-sided Reflection
A therapeutic technique that acknowledges both sides of a client's ambivalence or situation, reflecting conflicting feelings or perspectives.
Closed-ended Response
A type of response that is limited to specific options, typically used in surveys or questionnaires.
Response Shift
A change in an individual's self-evaluation or standards of measurement, often due to a change in their understanding, values, or definition of a concept.
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