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What amount of aggregate investment income

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Reference no: EM133056805

Question - You have been provided with the following information for Parthenon Ltd. for its current taxation year:

Taxable capital gains realized 25,000

Foreign dividends received 8,600

Canadian dividends received 10,900

Net capital loss carryover used in the year 4,600

Non-capital loss carryover used in the year 10,200

Foreign business income earned 28,700

Required - What amount of aggregate investment income (AII) will be included in Parthenon's net and taxable income in the year?

a) All in net income - $35,500; All in taxable income - $20,400

b) All in net income - $44,500; All in taxable income - $29,000

c) All in net income - $44,500; All in taxable income - $20,400

d) All in net income - $44,500; All in taxable income - $18,800

Reference no: EM133056805

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