EGR Just Completed Its First Year End

question 68

Multiple Choice

EGR just completed its first year end.During the year,EGR recorded $12,000 in depreciation ($18,500 CCA) .In addition there was a deduction in the accounting records for meals and entertainment amounting to $6,000.As a result taxable income will:

• A) be higher than accounting income by $5,500.
• B) be lower than accounting income by $500.
• C) be higher than accounting income by $500.
• D) be lower than accounting income by $5,500.
• E) be equal to accounting income.

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Definitions:

Racist Attitudes

Prejudicial beliefs or discriminatory behaviors based on perceived racial differences, often resulting in inequality and social division.

Selective Perception

A psychological phenomenon in which individuals tend to pay attention to information that aligns with their pre-existing beliefs and ignore contradictory information.

Racialization

The process of attributing racial identities to a relationship, social practice, or group that did not identify itself as such, shaping social structures and perceptions.

Social Construction

The theory that many aspects of reality, including knowledge, belief systems, and social norms, are created through cultural and social practices and are not inherent.