Question
JST Limited has computed the following income (loss) for the year ended December 31, 2022: Loss from business (258000) Income from property including dividends of
JST Limited has computed the following income (loss) for the year ended December 31, 2022:
| Loss from business | (258000) |
| Income from property including dividends of $21,500 received from taxable Canadian corporations | 64,500 |
| Capital gains | 92,800 |
| Capital losses | (24000) |
| Business investment loss | (32000) |
The corporation has a net capital loss of $54,000 arising from 2016.
REQUIRED: Compute the corporations non-capital loss for the current year.
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Accounting Principles Volume 2 Chapters 13 To 26
Authors: Jerry J. Weygandt
11th Edition
1118342070, 978-1118342077
