Jabatek inc. experienced a net capital loss of 20000 in, Ask an Expert

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Jabatek Inc. experienced a net capital loss of $20,000 in 2011. It had a net capital gain of $8000 in 2007, $7000 in 2008 and $2000 in 2009. In 2010, though the company suffered a net operating loss, it had net capital gain of $2000. What is the amount of Jabayek Inc.'s capital loss carryover to 2012?

A. $1,000

B. $3000

C. $9,000

D. $11,000

E. some of other amount

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950015

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