JMR Corporation has income before tax of $500,000. Included in this amount are meals and

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JMR Corporation has income before tax of $500,000. Included in this amount are meals and

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.

Textbook

Intermediate Accounting, Volume 2

Edition: 5^th

Authors: Beechy, Conrod, Farrell

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More solutions for this book are available here

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awc21 Author

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Thanks for your help!!

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this is exactly what I needed

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