Question: JG Incorporated recognized $ 6 9 0 , 0 0 0 ordinary income, $ 4 8 , 0 0 0 net Section 1 2 3

JG Incorporated recognized $690,000 ordinary income, $48,000 net Section 1231 gain, and $77,000 net capital loss this year. JG's taxable income is
$690,000.
True or False
JG Incorporated recognized $690,000 ordinary income, $48,000 net Section 1231 gain,

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