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Business, 13.11.2019 18:31 elawnnalewis3568

Koil corporation generated $751,200 ordinary income from the sale of inventory to its customers. it also sold three noninventory assets during the year. compute koil’s taxable income assuming that
a. the first sale resulted in a $61,200 capital gain, the second sale resulted in a $17,200 capital loss, and the third sale resulted in a $25,000 capital loss.
b. the first sale resulted in a $18,700 ordinary gain, the second sale resulted in a $44,750 capital gain, and the third sale resulted in a $63,600 capital loss.
c. the first sale resulted in a $10,300 capital gain, the second sale resulted in a $24,900 capital loss, and the third sale resulted in an $11,900 ordinary loss.

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Koil corporation generated $751,200 ordinary income from the sale of inventory to its customers. it...
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