Show the treatment of losses for tax purposes and explain treatment of losses? A Company produced the
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Show the treatment of losses for tax purposes and explain treatment of losses?
A Company produced the following results: Year Profit/(Loss) Amount 2000 Loss 140 000 2001 Loss 120 000 2002 Loss 80 000 2003 Profit 240 000 2004 Profit 220 000 Draw up a table to show the treatment of losses for tax purposes. Question 2 Another company produced the following results: Year Profit/(Loss) Amount 2000 Loss 125 000 2001 Profit 90 000 2002 Loss 100 000 2003 Profit 80 000 The business also earned income of K25 000 in each of these years.
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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