In 2014, Angela Corporation has a net capital loss of $80,000. Angela Corp. also had...
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Accounting
In 2014, Angela Corporation has a net capital loss of $80,000. Angela Corp. also had net capital gains in the prior years. 2010: net capital gain $30,000 2011: net capital gain $20,000 2012: net capital gain $60,000 2013: net capital gain $10,000
(a) What is the capital loss carryback in 2012? (Ignore any sign. If the carryback is 100, just write 100)
(b) What is the capital loss carryback in 2011? (Ignore any sign. If the carryback is 100, just write 100).
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