VB Corporation reported a net loss of $50,000 for accounting purposes.Items included in the loss are golf dues amounting to $3,000, meals and entertainment totalling $10,000, CCA of $10,000, depreciation of $5,000, warranty expenses of $8,000 and warranty expenditures of $6,000.VB's taxable income is:

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To calculate VB's taxable income, we start with the net loss of $50,000. We then make adjustments for items that are treated differently for tax purposes:- Golf dues ($3,000) and 50% of meals and entertainment ($5,000) are not deductible, so we add them back.- CCA (Capital Cost Allowance) and depreciation are both methods of accounting for the depreciation of assets. For tax purposes, only one method (CCA) is used, so we don't adjust for the depreciation of $5,000 since it's an accounting figure, not a tax figure.- Warranty expenses ($8,000) are deductible, but warranty expenditures ($6,000) are the actual costs incurred, so no adjustment is needed as the expense is already reflected in the net loss.Thus, the taxable income is: -$50,000 + $3,000 + $5,000 = -$42,000, which is not an option provided. However, the closest option to the correct calculation based on the given adjustments is A) ($45,000), indicating a possible mistake in the calculation process or in the interpretation of the options. The correct approach involves adjusting the net loss for non-deductible expenses and considering only the tax-deductible expenses, but the provided options and adjustments lead to a discrepancy.

VB Corporation Reported a Net Loss of $50,000 for Accounting