(4 MARKS)(30 MARKS)(30 MARKS)

2011. (4 marks)(30 marks)2 Tuesday SRL is a company established in Romania on 1 June 2011, as a producer of furniture. Tuesday SRL is owned100% by Week Ltd, a company established in the UK. At incorporation, Tuesday SRL chose to pay corporate incometax and not to apply the special scheme of corporate income tax for very small companies.Tuesday SRL did not achieve the financial results expected, so Week Ltd decided to close it. Tuesday SRL was closedon 31 May 2012. During its period of existence, Tuesday SRL’s monthly total accounting revenues were 123,000 leiand its monthly total accounting expenses (excluding corporate income tax expense) were 101,000 lei. The followinginformation is provided about the revenues and expenses of Tuesday SRL: