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This is a taxation question:

MC Question 8 (Screenshot).png
In an acquisition of control [ADC], when there is a change in control of the
corporation from one group of shareholders to another, the following is TRUE: 0 Non-capital business losses arising prior to the change in control ma],l he used against income fiom the
business that incurred the loss if that business is carried on at a profit or with a reasonable expectation of prefit in the year in which the losses are applied
0 Non—capital losses arising prior to the change in control are automatically deemed to have expired 0 Net-capital losses arising prior to the change in control may be used against income from the business
that incurred the loss if that business is carried on at a profit or with a reasonable expestation of profit
in the year in which the losses are applied

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