1(a)

1(b)

1(c)

Which of the following is NOT included in the six badges of trade? A) Profit-seeking motive. B) Frequency of similar transactions. C) Method of financing. D) Subject matter of the asset sold. Which of the following is deductible in profits tax computation? A) General provision of impairment loss. B) Rent for director's quarter. C) Acquisition cost of a motor vehicle. D) Legal fee for tax appeal. In determining the source of interest income, which of the following factors would be considered? A) Place of incorporation of the lender. B) Place of incorporation of the borrower. C) Place where the fund is remitted by the lender. D) Place where the fund is made to the borrower