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In 2024 Hill Corporation reported a net operating loss of $19,000 that it carried forward to 2025. In 2024 Hill also reported a net capital loss of $3,450 that it carried forward to 2025. In 2025, ignoring any carryovers from other years, Hill reported a loss for tax purposes of $74,500. The current-year loss includes a $14,400 net capital gain. What is Hill's 2025 net operating loss

In 2024 Hill Corporation reported a net operating loss of $19,000 that it carried forward to 2025. In 2024 Hill also reported a net capital loss of $3,450 that it carried forward to 2025. In 2025, ignoring any carryovers from other years, Hill reported a loss for tax purposes of $74,500. The current-year loss includes a $14,400 net capital gain. What is Hill's 2025 net operating loss

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In 2024 Hill Corporation reported a net operating loss of $19,000 that it carried forward to 2025. In 2024 Hill also reported a net capital loss of $3,450 that it carried forward to 2025. In 2025, ignoring any carryovers from other years, Hill reported a loss for tax purposes of $74,500. The current-year loss includes a $14,400 net capital gain.

What is Hill's 2025 net operating loss

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