Ostrich,a C corporation,has a net short-term capital gain of $40,000 and a net long-term capital loss of $180,000 during 2010.Ostrich also has taxable income from other sources of $1 million.Prior years' transactions included the following:
Definitions:
Ethernet
A technology for connecting devices in a wired local area network (LAN) enabling the transmission of data over a physical cable.
LAN Protocol
A set of rules and standards used for communication within a Local Area Network to ensure the smooth transmission of data.
SMTP
Simple Mail Transfer Protocol (SMTP) is a protocol used for sending emails across the Internet.
Formulated Messages
Predefined or carefully crafted messages designed to communicate specific information, guidance, or instructions in a clear and effective manner.
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