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Bear Corporation Has Net Short-Term Capital Gains of $25,000 and Net

Question 66

Multiple Choice

Bear Corporation has net short-term capital gains of $25,000 and net long-term capital losses of $170,000 during 2008.Bear Corporation had taxable income from other sources of $700,000.Prior years' transactions included the following:
Compute the amount of Bear's capital loss carryover to 2009.
Bear Corporation has net short-term capital gains of $25,000 and net long-term capital losses of $170,000 during 2008.Bear Corporation had taxable income from other sources of $700,000.Prior years' transactions included the following: Compute the amount of Bear's capital loss carryover to 2009. A) $0. B) $30,000. C) $85,000. D) $145,000. E) None of the above.


A) $0.
B) $30,000.
C) $85,000.
D) $145,000.
E) None of the above.

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