1. A Ltd acquired B Ltd on 01 July 2020. The value of the land of B Ltd is $ 300,000. They decide to sell the land on 2021 - 2022 period. the Fair Value of the land is $ 450,000 and the tax rate is 30%. What is the relevant Income tax expenditure when the land is sold?

2. Apple is a parent of Tree Co. Tree Co purchased a 20% nonvoting preferred stock in Berry Ltd. How does Apple use its power over the Berry Ltd?

control in the financial and operating policy decisions of an Berry Ltd;
	participate in the financial and operating policy decisions of an Berry Ltd;
	participate in the day-to-day management of a joint venture interest;
	dominate the financing decisions of an Berry Ltd;
	Non of above because Apple doesn't have a significant influence;