Jason has carried on business for many years and wishes to determine his aggregated turnover for the current year.
Which of the following amounts is include in his calculation of aggregated turnover?

Assessable income resulting from a balancing adjustment event in s 40-285(1) ITAA79.
An assessable net capital gain resulting from the disposal of CGT assets in accordance with s 102-5 ITAA97.
Assessable income arising from the operation of s 21A ITAA36.
Assessable income from the sale of trading stock in accordance with s 6-5 ITAA97.
Assessable income arising from the operation of the trading stock provisions in s 70-35(2) ITAA97.

Answer rating: 100% (QA)

Assessable income arising from the operation of s 21A ITAA36 Assessable income from the sale of trad... View the full answer