Jack inc. experienced a net capital loss of 2000 in 2-11., Ask an Expert

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Jack Inc. experienced a net capital loss of 2000 in 2-11. 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 Jack Inc's capital loss carryover to 2012?

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Category:- Accounting Basics
Reference No.:- M950283

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