Omicron Corporation had the following capital gains and losses for 2014 through 2016:
Omicron's net capital gain for 2016 is:

Question

Omicron Corporation had the following capital gains and losses for 2014 through 2016:  ​
Omicron's net capital gain for 2016 is:

Quizplus · Accepted Answer

To find the net capital gain for 2016, we need to add up all the capital gains and losses for 2014-2016. 
Capital gains: $40,000 + $25,000 + $30,000 = $95,000
Capital losses: $10,000 + $15,000 + $5,000 = $30,000
Net capital gain for 2016: $95,000 - $30,000 = $65,000
Therefore, the correct answer is C) $45,000.

Omicron Corporation Had the Following Capital Gains and Losses for 2014