At the End of 2010, Gomez Inc

question 104

Multiple Choice

At the end of 2010, Gomez Inc., a CCPC, has a GRIP of $53,400.For 2011, the Company has Taxable Income of $143,000.This includes aggregate investment income of $19,000.In addition, the Company receives eligible dividends of $12,300.In calculating 2011 Tax Payable, the Company has a small business deduction of $14,450.During 2010, the com- pany paid dividends of $42,000 with $13,700 of the dividends designated as eligible.Dividends paid during 2011 total $51,000, with $18,400 of this amount being designated as eligible.What is the amount of the Company's GRIP at the end of the 2011 taxation year?

• A)$79,300
• B)$93,000
• C)$67,000
• D)$74,600

---

Definitions:

Value of K

A specific numerical quantity or parameter that might have different meanings depending on the context in which it's used.

Mean Square Error

A measure of the average of the squares of the errors or deviations between estimated and true values.

Weighted Average Model

A calculation that assigns different weights to different elements of a dataset, resulting in an average that accounts for varying levels of importance.

Forecasts

Predictions or estimates of future events or conditions, often based on statistical analysis and modeling.