In 2013,the First Year of Its Existence,Chartreuse Corporation Had a Net

question 7

Multiple Choice

In 2013,the first year of its existence,Chartreuse Corporation had a net capital loss of $3,000.In 2014 and 2015,it had net capital gains of $5,000 and $8,000,respectively.In 2016,the company reported a net capital loss of $12,000.What is the amount of capital loss carryforward to 2017?

• A)$4,000).
• B)$1,000).
• C)$0.
• D)$2,000).

---

Definitions:

Sole Proprietorship

A type of business structure where a single individual owns, manages, and is responsible for all aspects of the business, including debts.

Proprietor

The owner of a business or property.

Liabilities

Financial obligations or debts owed by a person or company to another entity, which must be settled over time.

Franchise Rule

is a regulation designed to provide prospective franchisees with the necessary information to make informed decisions about their investments in franchise operations.