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Under section 3 of the ITA, the first step in determining a corporation's net income...

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Accounting

Under section 3 of the ITA, the first step in determining a corporation's net income is ________. Choose the correct answer.

A. determining the excess of taxable capital gains over allowable capital losses

B. adding all positive sources of income

C. netting allowable capital losses against other sources of income

D. netting all positive and negative sources of income

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