Question
La Sardine Ltd, a UK resident trading company produced the following results for the year ended 31 March 2022. Trading income 350,000 Rental income 15,000
La Sardine Ltd, a UK resident trading company produced the following results for the year ended 31 March 2022.
|
| |
| Trading income | 350,000 |
| Rental income | 15,000 |
| Bank deposit interest received | 5,000 |
| Bank deposit interest accrued on 31 March 2019 Bank deposit interest accrued on 31 March 2022 | 9,000 4,000 |
| Chargeable gains | 40,000 |
| Qualifying charitable donations | 5,000 |
| Dividends received from UK companies | 24,000 |
The capital loss brought forward from April 2021 were 7,000
How much is the investment income? and what is Corporation tax liability?
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
26th edition
128574361X, 978-1305446052, 1305446054, 978-1285743615
