During 2010,Sparrow Corporation,a Calendar Year C Corporation,had Operating Income of $510,000,operating

question 42

Multiple Choice

During 2010,Sparrow Corporation,a calendar year C corporation,had operating income of $510,000,operating expenses of $370,000,a short-term capital loss of $25,000,and a long-term capital gain of $80,000.How much is Sparrow's tax liability for 2010?

• A)$46,100.
• B)$59,300.
• C)$69,050.
• D)$76,050.
• E)None of the above.

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Definitions:

Site Selection

The process of choosing an optimal location for a business or facility, based on factors like customer accessibility, costs, and resources.

Proximity Of Suppliers

The closeness or geographical distance of suppliers to the business, which can impact lead times, transportation costs, and inventory management.

Labor Pool

The supply of available workers in a particular area or sector.

Location

Refers to a specific place or position where something exists or operates.