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Which of the following compensation receipts is least likely to be included in assessable income? Compensation of $50,000 received for the cancellation of ordinary business
Which of the following compensation receipts is least likely to be included in assessable income?
Compensation of $50,000 received for the cancellation of ordinary business contracts. | ||
Compensation of $50,000 received for the loss of trading stock. | ||
Compensation of $50,000 received for permanent damage to income-producing assets. | ||
Compensation of $50,000 received for the cancellation of an agency agreement when such cancellations are frequent. | ||
Compensation of $50,000 received for the loss of income due to a temporary disruption to production. |
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