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The Controller of Little Company Ltd

question 2

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The controller of Little Company Ltd. has decided to sell a piece of capital equipment after the company's year-end in order to avoid paying tax on capital gains this year. The controller is engaging in


Definitions:

Total Revenues

The sum of all income generated by a business from its normal operations before any expenses are subtracted.

Operating Activities

Activities that constitute the primary or main activities of a business, such as sales and service provision, and their related operational costs.

Investing Activity

Financial actions related to acquiring or disposing of non-current assets or investments, contributing to the long-term operations and growth of a company.

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