Verway, Inc

question 3

Multiple Choice

Verway, Inc., has a 2012 net § 1231 gain of $55,000 and had a $62,000 net § 1231 loss in 2011.For 2012, Verway's net § 1231 gain is treated as:

• A)$55,000 ordinary loss.
• B)$55,000 ordinary gain.
• C)$55,000 capital loss.
• D)$55,000 capital gain.
• E)None of the above.

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