Case 14. On June 30, 2014, Wish Corporation incurred a P200,000 net loss form disposal of business segment. Also on June 30, 2014, Wish paid P80,000 for property taxes assessed for the calendar year 2014. 14. What amount of the foregoing items should be included in the determination of Wicked Wish’s net income or loss for the 6-month interim period ended June 30, 2014? a. 280,000 b. 240,000 c. 180,000 d. 140,000
Case 14. On June 30, 2014, Wish Corporation incurred a P200,000 net loss form disposal of business segment. Also on June 30, 2014, Wish paid P80,000 for property taxes assessed for the calendar year 2014. 14. What amount of the foregoing items should be included in the determination of Wicked Wish’s net income or loss for the 6-month interim period ended June 30, 2014? a. 280,000 b. 240,000 c. 180,000 d. 140,000
Chapter3: Corporations: Introduction And Operating Rules
Section: Chapter Questions
Problem 58P
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Case 14. On June 30, 2014, Wish Corporation incurred a P200,000 net loss form disposal of business segment. Also on
June 30, 2014, Wish paid P80,000 for property taxes assessed for the calendar year 2014.
14. What amount of the foregoing items should be included in the determination of Wicked Wish’s net income or loss for
the 6-month interim period ended June 30, 2014?
a. 280,000
b. 240,000
c. 180,000
d. 140,000
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