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Meadows Enterprises Ltd. is a Canadian corporation located in Regina. The company operates a retail business that has shown consistent profits for several years. Cash
Meadows Enterprises Ltd. is a Canadian corporation located in Regina. The company operates a retail business that has shown consistent profits for several years. Cash generated from those profits has been used to acquire investments. The company prefers two types of investments: real estate and shares in other corporations. Unfortunately, in 2022 the investments resulted in some losses. A summary of the corporations 2022 financial results is given below. Retail sales $ 1,240,000 Cost of sales 868,000 Gross profit 372,000 Retail administrative expenses 191,000 Income from operations 181,000 Other income (losses) Net loss from real estate rentals $ (22,000 ) Net loss on the sale of shares of
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