Sigma Corporation had the following capital gains and losses for 2013 through 2017:

Sigma's net capital gain for 2017 is:

Question

Sigma Corporation had the following capital gains and losses for 2013 through 2017:
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Sigma's net capital gain for 2017 is:

Quizplus · Accepted Answer

To find the net capital gain for 2017, we need to add up the total capital gains and losses for 2017 only. From the table, we can see that Sigma had a total capital gain of $70,000 and a total capital loss of $15,000 in 2017. Therefore, the net capital gain for 2017 is $70,000 - $15,000 = $55,000.

Sigma Corporation Had the Following Capital Gains and Losses for 2013