During 2016,Silverado Corporation Has the Following Section 1231 Gains and Losses

question 67

Multiple Choice

During 2016,Silverado Corporation has the following Section 1231 gains and losses: ​
During the period 2011 - 2015,the corporation recognized $8,000 of net Section 1231 losses as ordinary losses that have not been recaptured.How much of the 2016 Section 1231 gains and losses are recognized as long-term capital gains?

• A)$- 0 -
• B)$1,000
• C)$9,000
• D)$10,000
• E)$12,000

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Definitions:

Economic Thinking

An approach to analyzing problems that considers the allocation of scarce resources and the trade-offs involved in decisions.

Additional Benefits

Extra advantages or positive outcomes that accompany a primary benefit or result.

Marginal Cost

The financial outlay required to produce an additional unit of a good or service.

Gasoline

A transparent, petroleum-derived liquid that is used primarily as a fuel in most spark-ignited internal combustion engines.