Question 1 A. Discuss the significance of each of the following cases: i. Sharkey v Wernher (UK, 1955) (5 mks.) ii. Anaconda American Brass v Minister of National Revenue (1956), (5 mks.) B. Discuss how the following should be valued for taxation purposes: i. The transfer of baby chicks in a hatchery business, named Jamaica Broilers Inc. to a subsidiary poultry farm, named Broilers Ltd.. (5 mks.) ii. The sale of a new car by Mr. Brian Dennis, owner of a vehicle sales business to Carol Bowen, an employee salesperson. (5 mks.) Question 2 A. Explain the term "badges of trade. (5 mks.) B. Section 2(1) of the Income Tax Act states that trade includes every trade, manufacture, adventure or concern in the nature of trade". With the aid of decided cases discuss any SEVEN (7) badges of trade. (15 mks.)