Finding out the taxable income
Best Company, Inc. had gross receipts of $400,000, cost of goods sold of $110,000, other expenses of $100,000 and a $90,000 net capital loss. Its taxable income is:
A. $210,000.
B. $200,000.
C. $190,000.
D. $100,000.
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Assuming the original purchase reinvestment rate, what was the total holding period return on the investment?
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