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................ If a corporation has noncapital loss carryovers from multiple prior tax years available to deduct against its current year's taxable income, Choose the correct

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If a corporation has noncapital loss carryovers from multiple prior tax years available to deduct against its current year's taxable income, Choose the correct answer. Q) A. the corporations must deduct losses in order, beginning with the oldest tax year Q B. the corporation must deduct losses in order, beginning with losses from the most recent tax year Q C. the corporation can only deduct the loss from one prior tax year in the current year O D. the corporation can choose to deduct the loss from any tax 1,reans] Janex Inc. has correctly determined net income for tax purposes and taxable income in the current taxation year as follows: * Active business income $ 235,500 * Dividends received from taxable Canadian corporations 25,600 * Dividends received from foreign corporations (not foreign affiliates) 13,500 * Interest from Canadian sources 21,300 * Taxable capital gains 35,750 * Allowable capital losses (12,500) * Net rental loss (10,200) * Net income for tax purposes $ 308,950 * Net capital loss carry over (13,750) * Non-capital loss carry over (20,400) * Taxable Income 5 274,800Based on this information, which of the following is the correct aggregate investment income for Janex Inc.? O A. $59,700 O B. $34,100 O C. $39,300 O D. $44,300

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