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Other Fields Homework Help Accounting Topic started by: awc21 on Aug 31, 2018



Title: JMR Corporation has income before tax of $500,000. Included in this amount are meals and
Post by: awc21 on Aug 31, 2018
JMR Corporation has income before tax of $500,000. Included in this amount are meals and
entertainment amounting to $10,000, warranty costs of $80,000 ($20,000 in warranty claims),
depreciation $78,000 and dividends from a taxable Canadian Corporation of $20,000. CCA for
the year amounted to $90,000. Calculate taxable income.


Title: JMR Corporation has income before tax of $500,000. Included in this amount are meals and
Post by: patod1 on Aug 31, 2018
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