Exercise 14 1 Modified The Company operates two separate lines of business 2020 2021 Fountain pens (192,000) 42,000 57,000 247,000 Professional accounting services Total net income for tax purposes Deduct Loss carry forward NIL 289,000 Total axable income NIL Non capital loss carry forward (135,00...

1 No Acquisition of control The year 2021 Net Income for Tax Purpose 289000 42000 247000 less No ...

Exercise 14-1 Modified The Company operates two separate lines of business. 2020 2021 Fountain pens (192,000)...

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Income Tax Fundamentals 2013

ISBN: 9781285586618

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Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Exercise 14-1 Modified The Company operates two separate lines of business. 2020 2021 Fountain pens (192,000)...

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Income Tax Fundamentals 2013

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