Ostrich,a C corporation,has a net short-term capital gain of $40,000 and a net long-term capital loss of $180,000 during 2011.Ostrich also has taxable income from other sources of $1 million.Prior years' transactions included the following:

Question

Quizplus · Accepted Answer

The Answer of Ostrich,a C corporation,has a net short-term capital gain of $40,000 and a net long-term capital loss of $180,000 during 2011.Ostrich also has taxable income from other sources of $1 million.Prior years' transactions included the following:

Ostrich,a C Corporation,has a Net Short-Term Capital Gain of $40,000