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Sylvia who has been trading for many years ceased to trade on 31 August 2020. Her accounting profits prior to ceasing to trade were
Sylvia who has been trading for many years ceased to trade on 31 August 2020. Her accounting profits prior to ceasing to trade were as follows: Year ended 31 August 2019 36,000 Year ended 31 August 2020 38,400 What is the amount of income on which Sylvia will finally be assessed for the 2019 tax year? O a. 38,400 O b. 36,000 O c. 36,800 d. 24,000
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Principles of Accounting
Authors: Belverd Needles, Marian Powers, Susan Crosson
10th edition
618736611, 978-1111809508, 111180950X, 978-0618736614
