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This is a taxation question:

MC Question 11 (Screenshot).png
Which of the following statements about an acquisition of control (ADC) are not
TRUE? 0 There is a deemed year end immediately before. The entity can select any date
{within a 53 week period} as its new year end. 0 The entity can elect to trigger capital gains and recapture to utilize any losses
that expire as a result of the ADC. O Accrued gains and losses are automatically triggered and must be included in the
current year tax return. 0 A short taxation year means: CCA and the SBD are prorated for the short
taxation year. The short taxation year is considered a full year for any
carryovers.
Subject: Accounting, Business

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