The following informationis drawn from Royal Industries cash budget Cash Receipts 40,000 Beg, Cash Bal. 10,000 Cash payment 48,000 Desired ending cash cushion 5,000 If there is a cash shortage, the company borrows money.
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In X8, Erin had the following capital gains (losses) from the sale of her investments: $2,000 LTCG, $25,000 STCG, ($9,000) LTCL, and ($15,000) STCL. What is the amount and nature of Erin's capital gains and losses? a.
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