B Corporation has a stake in C and D Corporations. They had the following sales in the past 12-month period. B Corporation sales Php 2,500,000 C Corporation sales – affiliate 2,000,000 D Corporation sales – subsidiary 3,100,000 How much is the Vatable Sales?

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter15: S Corporations
Section: Chapter Questions
Problem 4BCRQ
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B Corporation has a stake in C and D Corporations. They had the following sales in the past
12-month period.
B Corporation sales Php 2,500,000
C Corporation sales – affiliate 2,000,000
D Corporation sales – subsidiary 3,100,000


How much is the Vatable Sales?

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