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please answer the following three questions thank you 7 When the selling price is received over several taxation years, the vendor may report a portion
please answer the following three questions
7 When the selling price is received over several taxation years, the vendor may report a portion of the capital gain in each of those years. The amount would be computed in proportion of the receipts in the year compared to the total proceeds of disposition Sed True or False True False 00 8 There are fewer conditions required to recognize a capital loss on a loan than on a share investment A loan only needs to become uncollectible for the loss to be allowed. In the case of shares, the company must be bankrupt or insolvent before the loss would be allowed Sed True or False True False 9 The cost of an option acquired for the right to purchase property would be added to the cost of the property. If and when the property were purchased True or False True False thank you
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