In computing net business income for income tax purposes, which of the following statements is...
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In computing net business income for income tax purposes, which of the following statements is INCORRECT? a Income tax paid is not allowed as a business deduction. b Depreciation is not allowed as a business deduction. c Capital cost allowance is not allowed as a business deduction. d An arbitrary reserve is not allowed as a business deduction. 
In computing net business income for income tax purposes, which of the following statements is INCORRECT?
a Income tax paid is not allowed as a business deduction.
b Depreciation is not allowed as a business deduction.
c Capital cost allowance is not allowed as a business deduction.
d An arbitrary reserve is not allowed as a business deduction.
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