The general rules for transfer prices establish a range for the elected transfer price under ITA 85(1) . Which of the following statements accurately describes the ceiling value?
A) The fair market value of the share consideration given to the transferor.
B) The fair market value of the non-share consideration given to the transferor.
C) The fair market value of the assets transferred to the corporation.
D) The fair market value of the share and non-share consideration given to the transferor.
Correct Answer:
Verified
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