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What is the amount and nature of the book-tax difference

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Question - Studios reported a net capital loss of $30,000 in year 5. It reported net capital gains of $14,000 in year 4 and $27,000 in year 6. What is the amount and nature of the book-tax difference in year 6 related to the net capital carryover?

A. $11,000 favorable

B. $16,000 favorable

C. $16,000 unfavorable

D. $11,000 unfavorable

Reference no: EM131802640

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