Grim Corporation is a UAE resident company. It has income and expenses for its fiscal year, recorded under International Financial Reporting Standards. In addition, a review of Grim's books and records reveals the following information:
Grim expensed, for book purposes, donations totaling AED and AED to UAE Shooting Federation and American Red Cross, respectively and entertainment costs totaling AED These costs were incurred by Grim sales personnel, are reasonable in amount, and are documented in company records.
During January of the current year, Grim gave out some loans to its employees and equally took a loan from Mashreq bank. The net interest expenditure recorded by Grim in its accounting income was AED
Grim recorded dividend received of AED
Grim's accounting income for the year was AED In the previous year, Grim made a loss of
Year
Grim made a loss of However, Grim received the following income and expenditure from its Foreign Permanent Establishments in three foreign jurisdictions, Country A Country B and Country C:
tableCountryABCGross Income AED
