Pure Action Cycles Inc

question 60

Essay

Pure Action Cycles Inc., a bicycle manufacturer, has a net capital loss in 2018 of $(64,000). It had net capital gains of $21,500 in 2017, $45,000 in 2016, $10,000 in 2015 (but suffered a net operating loss in 2015), and $8,000 of net capital gain in 2014. What is the net capital gain in 2017 after the carryback is applied?

---

Definitions:

Familiarity And Trust

The relationship between how well we know something or someone and the confidence we place in them or it.

Value

The importance, worth, or usefulness of something to someone, often measured in terms of monetary, social, or strategic significance.

S.A.V.E. Framework

A marketing concept that focuses on Solution, Access, Value, and Education to better meet customer needs and differentiate from competition.

Marketing Mix

The combination of product, price, promotion, and placement of what a company is offering.