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Marble Inc is a Canadian-controlled private corporation that conducts its business in Canada. The sole shareholder, Latoya Flores, is considering selling the company and would
Marble Inc is a Canadian-controlled private corporation that conducts its business in Canada. The sole shareholder, Latoya Flores, is considering selling the company and would like to know if Marble is a qualified small business corporation The fair market value of the assets is listed below Cash Accounts receivable Market securities Delivery vehicles Equipment Goodwill Accounts payable Net fan market value $2,000.00 7,000 00 11000,00 15,000.00 20.000.00 35.000.00 $90.000.00 8,00000 $82.000.00 The relevant values of the assets and kabebes have not fluctuated during the past 24 months. During that time, Latoya has been the only shareholder Required Determine if Marble Inc. is a qualified small business corporation. Briefly explain your conclusion Marble Inc. as a Canadian-controlled private corporation that conducts its business in Canada. The sole shareholder Latoya Flores, is considering selling the company and would like to know if Marble is a ualded small business corporation The tar market value of the assets is listed below Cash Accounts receivable Market secures Delivery vehicles Equipment Goodwill Accounts payable Net fair market value $2.000.00 7/00000 11.000.00 15.000.00 20.00000 35.000.00 $90,000.00 00000 $82,000.00 The relevant values of the assets and liabilities have not fluctuated during the past 24 months. During that time. Latoya has been the only shareholder Required Determine if Marble Inc. is a qualified small business corporation. Briefly explain your conclusion Shon Anot BIGF
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