QUESTION 9 2 points Save Answer Which of the following might indicate that a trade...
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Accounting
QUESTION 9 2 points Save Answer Which of the following might indicate that a trade may be being carried on? O A. Selling an asset due to financial difficulties O B. Selling an asset which was acquired through an inheritance O c. Buying an asset using short-term finance OD. Giving an asset to a friend QUESTION 10 2 points Save Answer Tomaz is a sole trader. His accounts for the year include the following amounts: Repairs to broken factory window (1,800) Installing a new boiler in the warehouse (2,000) Rental income received on investment property 400 What adjustment needs to be made in order to arrive at his adjusted trading profits for tax purposes? O A. 1,600 deduction O B.3,400 add back OC. 2,400 add back OD.1,600 add back
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