MrHanes Owns 100% of the Common Shares of Jimbo Corp

question 124

Multiple Choice

Mr.Hanes owns 100% of the common shares of Jimbo Corp.and 40% of the common shares of Hughes Corp.Hughes Corp.owns 80% of the common shares of ARC Ltd.Mr.Hanes' daughter-in-law also owns 5% of the common shares of Hughes Corp., and 15% of the common shares of ARC Ltd.The remaining shares are held by parties who deal at arm's length with Mr.Hanes and his daughter-in-law.The following Companies are asso- ciated under ITA 256 of the Income Tax Act:

• A)Jimbo Corp.and Hughes Corp.
• B)Jimbo Corp.and ARC Ltd.
• C)Jimbo Corp., Hughes Corp., and ARC Ltd.
• D)Hughes Corp.and ARC Ltd.
• E) None of Jimbo Corp., Hughes Corp., and ARC Ltd.are associated.

---

Definitions:

Growth of New Dendrites

The biological process where neurons develop new dendritic extensions, enhancing the brain's ability to form connections and learn.

Brain Locations

The specific areas or regions within the brain, each responsible for different functions, such as movement, emotion, and cognition.

Brain Injuries

Physical damage to the brain, either from trauma, a medical condition, or exposure to substances, which can affect cognitive, physical, emotional, and behavioral functions.

Nerve Fibers

Long, slender projections of nerve cells, or neurons, that transmit electrical impulses throughout the body to communicate signals.