A company has the following results for its three most recent accounting periods: Trading profits/(losses) Chargeable gains
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A company has the following results for its three most recent accounting periods:
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Trading profits/(losses) Chargeable gains Gift Aid donations y/e 31/5/16 59,700 8,400 1,000 eight months to 31/1/17 73,600 We 31/1/18 (155,700) 48,700 1,000 1,000 Assuming that all possible claims are made to relieve the trading loss against total profits, calculate the company's taxable total profits for each of the three periods.
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Based on the image presented we can calculate the companys taxable total profits for each of the three accounting periods by taking into account tradi...View the full answer
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