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Question - Dalton invests in a variety of mutual funds. On December 5th he purchased 10,000 shares, outside his RRSP, in a no-load mutual fund that had a current net asset value per share of $12. On December 15th, the fund paid out capital gains of $2 per share. If Dalton has a marginal tax rate of 50%, what amount of income tax will he pay on this capital gain?
1-$0
2-$5,000
3-$6,667
4-$10,000
mark was injured in an auto accident. the insurance company is offering a settlement of 450000 to be paid in a lump sum
Question - What is a loss contingency? What criteria have to be met for a company to accrue a loss contingency
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