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Commerce · Q587

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 587

Q587

Acrylic Ltd. sourced its new materials from Breeze Ltd. The relationship of associated enterprises would be established when Acrylic Ltd. buys raw material from Breeze Ltd. exceeding:

A.
50% of total raw material purchased
B.
90% of total raw material purchased
Answer
C.
25% of total raw material purchased
D.
35% of total raw material purchased

Answer: Option B

Solution

Answer: Option B
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