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XYZ Company is a CCPC with the following amounts in the current year Interest income from Canadian sources of $25,500 Dividend income received from
XYZ Company is a CCPC with the following amounts in the current year Interest income from Canadian sources of $25,500 Dividend income received from taxable Canadian corporations of $14,500 Net rental loss of $1,500 Foreign dividend income received from US public companies of $20,500 (CANS) Net taxable capital gains of $11,400 During the current year, XYZ Company utilized a net capital loss carryover from the previous year of $10,000. The correct amount of aggregate Investment income for XYZ Company in the current year is Choose the correct answer. OA. $70,400 OB. $47.400 OC. $45,900 OD. $60.400
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