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TPM Limited has computed the following income (loss) for the year ended December 31, 2016: Loss from business . $(129,000) Income from property including
TPM Limited has computed the following income (loss) for the year ended December 31, 2016: Loss from business . $(129,000) Income from property including dividends of $10,750 received from tax- able Canadian corporations 32,250 Capital gains 46,400 Capital losses . (12,000) Business investment loss (16,000) The corporation has a net capital loss of $27,000 arising from 2010. - REQUIRED Compute the corporation's non-capital loss for the year.
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Survey of Accounting
Authors: Carl S. Warren
8th edition
1305961889, 978-1337517386, 1337517380, 978-1305961883
