Question 1 Why do you think a company is a taxable entity? Question 2 Explain the change of ownership test that applies to company losses. Question 3 Explain the same business test that applies to company losses. Question 4 Explain the similar business test that applies to company losses. Question 5 A company is treated differently from an individual in many respects. Explain and provide some examples?

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1 A company is considered a taxable entity because it generates income and engages in financial transactions that are subject to taxation by the gover... View the full answer