Income Tax And Corporate Tax - Study Mode
[#621] What type of transfer price involves crediting the market price to the selling division and debiting the variable cost to the buying division?
Correct Answer
(B) Dual price
[#622] Acrylic Ltd. sourced its new materials from Breeze Ltd. The relationship of associated enterprises would be established when Acrylic Ltd. buys raw material from Breeze Ltd. exceeding:
Correct Answer
(B) 90% of total raw material purchased
[#623] An income by way of rent of agricultural land is:
Correct Answer
(C) Income from Other Sources
[#624] The depreciation allowance is charged of written down value on intangible assets at the rate of:
Correct Answer
(A) 25%
[#625] Which of the following is true for reverse merger?
Correct Answer
(D) All of the above