On Global declared and paid dividends of 59850 of which 6000

On global declared and paid dividends of 59850 of

This preview shows page 6 - 8 out of 16 pages.

On December 31, 2010, Global declared and paid dividends of $59,850, of which $6,000 was from the capital dividend account. 9. The president of the company recently attended a seminar about scientific research and experimental development (SR&ED) offered by Canada Revenue Agency (CRA). The president is wondering about the special provision regarding ongoing expenditures and the cost of tangible assets.
Image of page 6