Test Bank for Canadian Income Taxation Planning and Decision Making, 2024/2025, 27th Edition by Buckwold (All Chapters included)
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Complete Test Bank for Canadian Income Taxation Planning and Decision Making, 2024/2025, 27th Edition by Bill Buckwold, Joan Kitunen, Matthew Roman, Abraham Iqbal ; ISBN13: 9781266002724.....(Full Chapters included and organized in reverse order Chapter 23 to 1).....Chapter 1 Taxation—Its Role i...
Canadian Income Taxation Planning and
Decision Making, 27th Edition
by Bill Buckwold
Complete Chapters Test Bank
are included (Ch 1 to 23)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
Chapter 1 Taxation—Its Role in Decision Making
Chapter 2 Fundamentals of Tax Planning
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
Chapter 12 Organization, Capital Structures, and Income Distributions of
Corporations
Chapter 13 The Canadian-Controlled Private Corporation
Chapter 14 Multiple Corporations and Their Reorganization
Chapter 16 Limited Partnerships and Joint Ventures
Chapter 17 Trusts
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
,The Test bank is organized in reverse order, with the last chapter
displayed first, to ensure that all chapters are included in this
document. (Complete Chapters included Ch.23-1)
Chapter 23 - 27e (2024 - 2025)
1. Award: 10.00 points
Based on the premise of the capitalization of earnings method, if a business for sale is low risk with
good growth potential, the value will be based on which of the following?
A high capitalization rate and a low earnings multiplier
A low capitalization rate and a high earnings multiplier
A high capitalization rate and a high earnings multiplier
A low capitalization rate and a low earnings multiplier
A low-risk, high-growth company may demand a higher sales price achievable by a low
capitalization rate/high earnings multiplier (which have an inverse relationship to one another).
2. Award: 10.00 points
The value of a going-concern business is influenced primarily by its
length of time in business.
shareholders' personal wealth.
income-earning potential.
location.
The concept of going-concern is tied to income-earning potential.
, 3. Award: 10.00 points
P Co. is for sale. The company has recognized $50,000 in profits every year since it began three
years ago. The industry has a capitalization rate of 25%. What is the value of P Co.?
$50,000
$150,000
$200,000
$600,000
$50,000/.25 = $200,000.
4. Award: 10.00 points
The contingent business value method determines the valuation of a business based on
the likelihood of the sale taking place.
the occurrence of events following the sale.
the fair market value of the assets at the time of sale.
the current profits of the business.
The contingency method is based on future expectations and adjustments thereof, if necessary.
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