Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Throughout the 2023 year of assessment, the shareholding in the Food court Holdings was as follows: Chicken Inn Ltd % Pizza Inn (see below) 5

Throughout the 2023 year of assessment, the shareholding in the Food court Holdings was as follows: Chicken Inn Ltd % Pizza Inn (see below) 5 Creamy Inn (see below) 30 Braai Inn 30 Max Denn 3 Sidean Hango 10 Ronald Peterson 2 Lionel Maze (Director of Chicken Inn Ltd) 10 Members of the General Public 10 100 Creamy Inn ltd % Pizza ltd (see below) 20 Robert Peterson 2 Ruth Peterson (wife of Robert Peterson) 9 Reon Peterson (minor daughter of Robert & Ruth Peterson) 4 Oshean Bisket 14 Sidean Hango 37 Max Denn 10 Misheck Denn (director of Creamy Inn Ltd and husband of Max Denn Loin) 4 100 Braai Inn ltd % Pizza Ltd (see below) 19 Irvine Hobs (director of Braai Inn Ltd) 51 Creamy Inn Ltd (see above) 30 100 You are required to: Determine whether or not Chicken Inn Ltd is classified as a public company or private company for tax purposes. give in column format

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions

Question

Contact person at the organization

Answered: 1 week ago