Omicron Corporation had the following capital gains and losses for 2011 through 2013:
$\begin{array} { l l l l l }
\underline{2011} & \underline{2012}&\underline{2013}\
\$ 15,000 & \$(30,000) & \$ 60,000
\end{array}$
Omicron's net capital gain for 2013 is:

Question

Omicron Corporation had the following capital gains and losses for 2011 through 2013:
$\begin{array} { l l l l l } 
 \underline{2011} & \underline{2012}&\underline{2013}\
 \$ 15,000 & \$(30,000) & \$ 60,000
\end{array}$
Omicron's net capital gain for 2013 is:

Quizplus · Accepted Answer

To calculate the net capital gain for 2013, we need to add up all the capital gains and losses for the year. In this case, the capital gain for 2013 is $60,000 and there are no capital losses for the year. Therefore, the net capital gain for 2013 is $60,000.

Omicron Corporation Had the Following Capital Gains and Losses for 2011