Monday Review Questions - FMGT 4410 Final Exam Lecture...

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FMGT 4410 Final Exam Lecture Review Questions page1 FMGT 4410 - Review Questions Please try these questions prior to coming to lecture. Required: a) $2,000 b) $50,000 Taxable Capital Gains $20,000 Active Business Income (net of donations) $198,000 Charitable Donations $10,000 1992 Net-capital loss carryover available $40,000 4 Answer to #1: 1. CCPC ----) Tax = 25% POD = $1,000,000 ACB = $350,000 V-Day = $550,000 How would the owner of 100 shares ( ACB = $1 transaction assuming the 2,000 shares had a PU Which type of corporations pay Part I tax, and which pay Part IV tax? 1. In January of 2010, a CCPC sells its only non-depreciable capital asset for $1,000,000 when the corporate tax r $350,000 when it was acquired in 1953. It had a FMV of $550,000 on V-Day. How will this sale change each o Pre-72 CSOH CDA Taxable surplus RDTOH 2. On January 2, 2010 Outrage Canoes Inc. , a CCPC, redeemed, on a pro-rate basis, 1,000 of its 2,000 outstandi shares at a premium of 20% above paid-up capital . There are no other shares outstanding.
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Monday Review Questions - FMGT 4410 Final Exam Lecture...

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