Lettuca Inc. generated a $77,050 ordinary loss from operations this year. It also recognized $5,920 recaptured ordinary income, $55,000 net Section 1231 loss, and $7,840 net capital loss on the sale of assets. Compute Lettuca's net operating loss.
A. ($126,130)
B. ($132,050)
C. ($77,050)
D. ($133,970)
Answer: A
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Answer the following statement true (T) or false (F)
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Indicate whether the statement is true or false.