During the year, Kim sold the following assets: personal auto for a $8,000 gain, stock...
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Accounting
During the year, Kim sold the following assets: personal auto for a $8,000 gain, stock investment for a $10,000 loss, and pleasure yacht for a $3,000 loss. His Adjusted Gross Income before considering the above is $50,000. What is his Adjusted Gross Income after taking these into account?
$45,000
$48,000.
$40,000.
$47,000
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