What is the first step in creating a cash flow statement?
2 answers:
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Answer:
The amount of capital loss carryover to year 15 is 152,000
Explanation:
The working is attached with the answer please find the attached file.
The following losses cannot be claimed or considered
- Loss on sale of stock purchased in March year 14, sold on October 10, year 14, and repurchased on November 2, year 14
- Loss on the sale of their personal automobile
