Question
The purpose of the excess business loss rules are to limit the amount of non-business income (e.g., salaries, interest, dividends, etc.) that can be sheltered
The purpose of the "excess business loss" rules are to limit the amount of non-business income (e.g., salaries, interest, dividends, etc.) that can be "sheltered" from tax as a result of business losses.
True or False?
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Financial accounting
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
IFRS Edition
9781119153726, 978-1118285909
