Gurpreet received $1,200 in cash dividends from ABC Corporation. He received a stock dividend of...
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Accounting
Gurpreet received $1,200 in cash dividends from ABC Corporation. He received a stock dividend of 45 additional shares, each with an assigned value of $11, from XYZ Corporation. Both are Canadian controlled private corporations whose entire income is taxed at the small business rate. What is Gurpreet's taxable dividend Income for the year?
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