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

question 20

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 2010.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 2011.

• A)$0.
• B)$105,000.
• C)$165,000.
• D)$200,000.
• E)None of the above.

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Definitions:

Bandura

A reference to Albert Bandura, a Canadian-American psychologist known for his work on social learning theory, which emphasizes the role of observational learning, modeling, and self-efficacy in behavior.

Model Behavior

Demonstrating a desired behavior as an example for others to emulate.

Learn

The acquisition of knowledge or skills through experience, study, or by being taught.

Watching Others

The act of observing the behaviors, actions, or interactions of others, often to learn, analyze, or simply out of curiosity.