During 2013,Ester Recognizes a $10,000 Section 1231 Gain,a $25,000 Section

question 117

Multiple Choice

During 2013,Ester recognizes a $10,000 Section 1231 gain,a $25,000 Section 1231 loss,and ordinary income of $20,000.What are the results of Ester's netting of these items?

• A)$5,000 capital loss.
• B)$5,000 Section 1231 gain.
• C)$5,000 ordinary income.
• D)$17,000 ordinary income and $12,000 capital loss.
• E)$20,000 ordinary income and $15,000 capital loss.