How much of the LCF can the company carry

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Question - VDK Equity and Holdings operates a restaurant business and a publishing business that started in 2020. During 2020, the company reported a $300,000 loss from the restaurant business and a profit of $100,000 from the publishing business. At the very beginning of 2021, the restaurant business lost $150,000 and the publishing earned $350,000. How much of the LCF can the company carry in 2021, if any?

a. $0.

b. $100,000.

c. $150,000.

d. $200,000.

e. $300,000.

Reference no: EM132867692

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