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

question 73

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 2011.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 20117.

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

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Definitions:

Positive Sanctions

Rewards or positive reactions given to individuals or groups to encourage behavior that conforms to norms or laws.

Negative Sanctions

Punishments or penalties imposed on individuals or entities to discourage unwanted or unacceptable behaviors.

Sapir-Whorf Hypothesis

A linguistic theory that suggests the structure of a language affects its speakers' world view or cognition, and thus people's perceptions are relative to their spoken language.

Symbolic Culture

The aspect of culture that consists of the symbols, language, norms, and values that influence human behavior and communication.