Question
D Ltd., a Canadian-controlled private corporation, carries on a business the primary purpose of which is to earn interest income from an investment portfolio. D
D Ltd., a Canadian-controlled private corporation, carries on a business the primary purpose of which is to earn interest income from an investment portfolio. D has 10 full-time employees. D's interest income is classified as active business income. Is this statement true or false?
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Computer Accounting With Peachtree Complete 2011
Authors: Carol Yacht, Peachtree Software
15th Edition
007811098X, 978-0078110986
