Greenwich Corporation Reported a Net Operating Loss of $800,000 in 20X3

Multiple Choice

Greenwich Corporation reported a net operating loss of $800,000 in 20X3, which the corporation elected to carryforward to 20X4. The computation of the loss did not include a disallowed fine of $50,000, life insurance proceeds of $500,000, and a current year charitable contribution of $10,000 that will be carried forward to 20X4. The corporation's current earnings and profits for 20X3 would be:

A) ($250,000) .
B) ($260,000) .
C) ($300,000) .
D) ($360,000) .