The following information on Dunway Ltd., a Canadian public company, is applicable to the year ending June 30, 2019:
The following information on Dunway Ltd., a Canadian public company, is applicable to the year ending June 30, 2019: Sales Of Merchandise $825,000 Operating Expenses 533,000 Dividends From Controlled Subsidiary 17,500 Dividends From Non-Controlled Public Companies 15,000 Capital Gain On Investment Sale 22,000 Dividends Paid 182,000 Donation To Canadian Government 26,000Donations To Registered Canadian Charities 141,000 At the beginning of this fiscal year, the Company has available a net capital loss carry forward of $18,000 [(1/2)($36,000)] and a non-capital loss carry forward of $137,000. Dunway Ltd. does not anticipate having any
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