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Grim Corporation is a UAE resident company. It has income and expenses for its 2017...

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Accounting

Grim Corporation is a UAE resident company. It has income and expenses for its 2017 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 AED168,820 and AED100,000 to UAE Shooting Federation and American Red Cross, respectively and entertainment costs totaling AED198,180. 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 AED183,500.
Grim recorded dividend received of AED294,500.
Grim's accounting income for the year was AED2,936,000. In the previous year, Grim made a loss of 220,200.
Year 2018
Grim made a loss of 350,000. However, Grim received the following income and expenditure from its Foreign Permanent Establishments in three foreign jurisdictions, Country A, Country B and Country C:
\table[[Country,A,B,C],[Gross Income (AED),750,000,2,550,000,3,700,000
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