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    Exam 17: Corporations: Introduction and Operating Rules
  5. Question
    Canary Corporation, Which Sustained a $5,000 Net Short-Term Capital Loss
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Canary Corporation, Which Sustained a $5,000 Net Short-Term Capital Loss

Question 132

Question 132

True/False

Canary Corporation, which sustained a $5,000 net short-term capital loss during the year, will enter $5,000 as an addition on Schedule M-1 of Form 1120.

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