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Taxpayers are required under s 70-35 to compare the value of trading stock on hand at the start and at the end of the

Taxpayers are required under s 70-35 to compare the value of trading stock on hand at the start and at the end of the year: Value of trading stock at year-end > Value of trading stock at start of year Difference is included in costs of good sold Difference is included in deductions Difference is included in assessable income O Difference is included in gross income

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