A Shareholder of a Canadian Corporation Is Planning to Transfer

question 3

Multiple Choice

A shareholder of a Canadian corporation is planning to transfer a building to the corporation and wishes to avoid tax on the transaction.The building originally cost $150,000.It has a UCC of $85,000 and a fair market value of $225,000.Which of the following will meet the taxpayer's wish?

• A)The shareholder can receive non-share consideration of $150,000 and preferred shares of $85,000.
• B)The shareholder can receive non-share consideration of $140,000 and preferred shares of $10,000.
• C)The shareholder can receive non-share consideration of $85,000 and preferred shares of $140,000.
• D)The shareholder can receive non-share consideration of $225,000 and preferred shares of $0.

Classify types of service organizations (e.g., car hire companies, auto repairers).

Identify characteristics of service organizations including intangible outputs, inventory levels, and labour costs.

Differentiate between various costing methods applicable to service entities (job costing, process costing, activity-based costing).

Understand the role of costs in service pricing, service promotion, and cost control.

---

Definitions:

Gender Segregation

Tendency to select playmates of one’s own gender.

Gender Bias

Prejudice or discrimination against individuals based on their gender or sex, often resulting in unfair treatment.

Authoritative Parents

A parenting style characterized by high responsiveness and high demands, blending a caring tone with structure and rules.

Permissive

Permissive describes an attitude, approach, or parenting style characterized by granting freedom and not imposing strict rules or expectations.