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Problem 6 Ruffle Limited, a public company, specializes in the games business. For their fiscal vear ended October 31, 2021, the company's 1ax liability was
Problem 6 Ruffle Limited, a public company, specializes in the games business. For their fiscal vear ended October 31, 2021, the company's 1ax liability was $1,054,024. Due to the success of the board game Run About, the company's bottom line has increased significantly, resulting in a tax liability of $1,069 036 for the fiscal period ended October 31, 2022, TTA: 157, 162, 163, 163.1 Ruffle Limited's clumb to success came to a halt in the next fiscal year. Due to increased competition, profits are expected to decline and the controller of Ruffle Limited estimates the tax payable for the fiscal period ending October 31, 2023 to be $1,045,000. The controller has asked you, his tax accountant, to provide him with required instalments for the 2023 taxation year
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