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

question 86

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:

Factors

Numbers or expressions that divide into another number or expression exactly, without leaving a remainder.

Nearest Hundredth

A method of rounding numbers so that they are accurate to two decimal places.

Decimal Place

A position of a number to the right of the decimal point, indicating fractions of 10.

Square Root

The value that, when multiplied by itself, gives the original number, used in mathematics to find an original value.