Chicken Wings Inc. incurred the following expenditures relating to its biological assets during the current year: Commissions to brokers, P5,500; Transportation costs to the market, P3,850; Levies by commodity exchange, P1,650; Transfer taxes and duties, P2,750; Advertising costs, P1,100 What total amount shall be classified as costs to sell in accordance with IAS 41 Agriculture?

Chicken Wings Inc. incurred the following expenditures relating to its biological assets during the current year: Commissions to brokers, P5,500; Transportation costs to the market, P3,850; Levies by commodity exchange, P1,650; Transfer taxes and duties, P2,750; Advertising costs, P1,100 What total amount shall be classified as costs to sell in accordance with IAS 41 Agriculture?

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter16: Multijurisdictional Taxation

Section: Chapter Questions

Problem 4CE

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