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select any one statement and explain it You must make a selection of one of the following statements: 1) As size and scale is an

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select any one statement and explain it

You must make a selection of one of the following statements: 1) As size and scale is an indicator of business, where a taxpayer carries on an activity on a small scale, it is not possible for that activity to be considered a business. OR 2) Prizemoney derived from a once only appearance on a TV quiz show is unlikely to be considered assessable income. OR 3) Proceeds from illegal activities are considered to be ordinary income. Critically evaluate your chosen statement, indicating whether it is correct and referring to relevant sources of law that support your answer. Please indicate the number of your chosen statement before your

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