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31) Studios reported a net capital loss of $30,000...

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31) Studios reported a net capital loss of $30,000 in year 5. It reported net capital gains of $14,000 in year 4 and $27,000 in year 6. What is the amount and nature of the book-tax difference in year 6 related to the net capital carryover? A. $11,000 favorable B. $16,000 favorable C. $16,000 unfavorable D. $11,000 unfavorable

 

Paper#9602 | Written in 18-Jul-2015

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