In X8, Erin had the following capital gains (losses) from the sale of her investments: $2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's capital gains and losses?
a. $3,000 net short-term capital gain
b. $3,000 net long-term capital loss
c. $4,000 net short-term capital gain
d. $4,000 net long-term capital loss
e. None of these
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In X8, Erin had the following capital gains (losses) from the sale of her investments: $2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which if the following describes what a computer progammer does
Answers (1)
Using the following information, what is the cost to lease a car? • Security deposit $320 • Monthly lease payment $320 per month for a five - year lease • Opportunity cost of security deposit $320 * loan period (in years) * 2% interest •
Answers (1)
You are evaluating the balance sheet for PattyCake's Corporation. From the balance sheet you find the following balances: cash and marketable securities = $360,000; accounts receivable = $1,280,000; inventory = $2,180,000;
Answers (1)
When creating a budget, log fixed expenses O before income. after income. after savings. O at the top
Answers (1)
Able, on behalf of Pix Corp., entered into a contract with Sky Corp., by which Sky agreed to sell computer equipment to Pix. Able disclosed to Sky that she was acting on behalf of Pix.
Answers (1)
New Questions in Business
Green Company is planning to introduce a new product with a 75 percent incremental unit-time learning curve for production in batches of 1,500 units. The variable labor costs are $55 per unit for the first 1,500-unit batch.
Answers (1)
Deal is a product of the Digby company. Digby's sales forecast for Deal is 1853 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected.
Answers (1)
The individuals at the International Fireplace Shoppe perform the following duties:Individual E Roles and Responsibilities:1. Role is required by the SEC2. Ensure internal controls and risk management policies function properly3.
Answers (1)
The matching principle: (A) Matches the expense incurred to generate the revenue with the invoice (B) Matches the expense incurred to generate the revenue with net income (C) Matches the event of the selling of the goods or service with the sales
Answers (1)
Jane is trying to decide which courses to take next semester. She has narrowed down her choice to two courses, Econ 1 and Econ 2. Now she is having trouble and cannot decide which of the two courses to take.
Answers (1)