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FULL - Elaborated Test Bank for Canadian Income Taxation - Planning and Decision Making By William Buckwold, Joan Kitunen, Matthew Roman & Abraham Iqbal() $28.49   Add to cart

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FULL - Elaborated Test Bank for Canadian Income Taxation - Planning and Decision Making By William Buckwold, Joan Kitunen, Matthew Roman & Abraham Iqbal()

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FULL - Elaborated Test Bank for Canadian Income Taxation - Planning and Decision Making By William Buckwold, Joan Kitunen, Matthew Roman & Abraham Iqbal() Part 1 A Planning and Decision-Making Approach to Taxation Chapter 1 Taxation-Its Role in Decision Making Chapter 2 Fundamentals of Tax Plann...

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  • March 26, 2023
  • 231
  • 2022/2023
  • Exam (elaborations)
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TESTBANK




2022

, COMPLETE
Elaborated Test Bank
for
Canadian Income Taxation:
Planning and Decision Making
By
William Buckwold,
Joan Kitunen,
Matthew Roman
& Abraham Iqbal
2022

,CONTENTS

Part 1 A Planning and Decision-Making Approach to Taxation
Chapter 1 Taxation-Its Role in Decision Making
Chapter 2 Fundamentals of Tax Planning

Part 2 An Overview of Income Determination and Tax for the Two Primary Entities
Chapter 3 Liability for Tax, Income Determination, and Administration of the Income Tax System
Chapter 4 Income from Employment
Chapter 5 Income from Business
Chapter 6 The Acquisition, Use, and Disposal of Depreciable Property
Chapter 7 Income from Property
Chapter 8 Gains and Losses on the Disposition of Capital Property-Capital Gains
Chapter 9 Other Income, Other Deductions, and Special Rules for Completing Net Income for Tax Purposes
Chapter 10 Individuals: Determination of Taxable Income and Taxes Payable
Chapter 11 Corporations-An Introduction

Part 3 The Corporate Structure
Chapter 12 Organization, Capital Structures, and Income Distributions of Corporations
Chapter 13 The Canadian-Controlled Private Corporation
Chapter 14 Multiple Corporations and Their Reorganization

Part 4 Other Forms of Business Organization
Chapter 15 Partnerships
Chapter 16 Limited Partnerships and Joint Ventures
Chapter 17 Trusts

Part 5 Selected Topics
Chapter 18 Business Acquisitions and Divestitures-Assets versus Shares
Chapter 19 Business Acquisitions and Divestitures-Tax-Deferred Sales
Chapter 20 Domestic and International Business Expansion
Chapter 21 Tax Aspects of Corporate Financing
Chapter 22 Introduction to GST/HST
Chapter 23 Business Valuations

, CHAPTER 1
1) Which of the following is not considered to be a separate entity for tax purposes in
Canada?


A) An individual
B) A proprietorship
C) A corporation
D) A trust




2) Which of the following attitudes and actions is most likely to help decision-makers
develop an efficient approach to taxation?


A) Cash flows should be considered from a before-tax perspective when making
decisions.
B) Functional managers should not be held responsible for the tax effects of decisions
within their divisions.
C) Tax costs to a business should be regarded as controllable expenses, much like
product costs and selling costs.
D) All managers should own a copy of the Income Tax Act.




3) Which of the following statements is true?


A) Dividends paid by a corporation are deductible by that corporation and are a form of
property income for the recipient.
B) Dividends paid by a corporation are deductible by that corporation and are a form of
business income for the recipient.
C) Dividends paid by a corporation are not deductible by that corporation and are a form
of business income for the recipient.
D) Dividends paid by a corporation are not deductible by that corporation and are a form
of property income for the recipient.




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