The Result of Capital Cost Allowance (CCA)multiplying with Marginal Corporate

question 18

Multiple Choice

The result of Capital Cost Allowance (CCA) multiplying with marginal corporate tax rate is called

• A) total tax cost.
• B) the CCA tax shield.
• C) corporate income tax.
• D) none of the above.

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Definitions:

Bank Balance

The amount of money held in a bank account at a particular time, as recorded by the bank.

NSF Check

Stands for Non-Sufficient Funds Check, a check that cannot be processed due to insufficient funds in the account it was drawn on.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Bank Reconciliation

Bank reconciliation is the process of matching the balances in an entity's accounting records to the corresponding information on a bank statement, to ensure accuracy and identify discrepancies.