Obi Ltd made a trading profit of £739,000 for the nine month period ended 30 September 2021. On 1 February 2021, Obi Ltd sold a warehouse. This resulted in a chargeable gain of £120,000. On 1 August 2021, Obi Ltd made a qualifying charitable donation of £5,000. Obi Ltd has a capital loss brought forward from the year ended 31 December 2020 of £20,000. What is Obi Ltd's corporation tax liability for the nine month period ended 30 September 2021? £118,845 £158,460 £162,260 £159,410

Obi Ltd made a trading profit of £739,000 for the nine month period ended 30 September 2021. On 1 February 2021, Obi Ltd sold a warehouse. This resulted in a chargeable gain of £120,000. On 1 August 2021, Obi Ltd made a qualifying charitable donation of £5,000. Obi Ltd has a capital loss brought forward from the year ended 31 December 2020 of £20,000. What is Obi Ltd's corporation tax liability for the nine month period ended 30 September 2021? £118,845 £158,460 £162,260 £159,410

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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