During 2010 gorilla corporation has net short-term capital, Ask an Expert

Accounting

During 2010, Gorilla Corporation has net short-term capital gains of $120,000. Net long-term capital losses of $365,000, and taxable income from other sources of $900,000. Prior year's transaction included the following:

2006 net short-term capital gains $130,000

2007 net long-term capital gains 45,000

2008 net short-term capital gains 115,000

2009 net long-term capital gains 50,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9402822

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