a. United Ltd., a company resident in Ghana since 2015 is wholly owned subsidiary of Manchester Nigeria Ltd. United Ltd contracted a loan from Manchester Nigeria Ltd of an amount of 10 million dollars to meet deadlines in its operations. The balance standing on the loan account at the beginning of 2016 stood at 5 million dollars and anticipated to be 4.5million dollars at the end of year 2016, exchange rate at the year start of 2016 is $1= GHC 1.2. the extract of financial statement at the beginning of the year 2016 is as follows: Stated capital GHC 200,000 Income surplus GHC 1,235,000 . Interest anticipated to be paid during the year will amount to GHC 78,125 and foreign exchange loss on the loan repayment is hoped to stand at GHC 145,000. What is the possible and expected tax implication of this transaction? 8 marks a. United Ltd., a company resident in Ghana since 2015 is wholly owned subsidiary of Manchester Nigeria Ltd. United Ltd contracted a loan from Manchester Nigeria Ltd of an amount of 10 million dollars to meet deadlines in its operations. The balance standing on the loan account at the beginning of 2016 stood at 5 million dollars and anticipated to be 4.5million dollars at the end of year 2016, exchange rate at the year start of 2016 is $1= GHC 1.2. the extract of financial statement at the beginning of the year 2016 is as follows: Stated capital GHC 200,000 Income surplus GHC 1,235,000 . Interest anticipated to be paid during the year will amount to GHC 78,125 and foreign exchange loss on the loan repayment is hoped to stand at GHC 145,000. What is the possible and expected tax implication of this transaction? 8 marks