Answered: Current liabilities include interest…

Current liabilities include interest revenue received in advance, with a carrying amount if P1,000. The related interest revenue was taxed on a cash basis. The tax base is *

SWFT Essntl Tax Individ/Bus Entities 2020

23rd Edition

ISBN:9780357391266

Author:Nellen

Publisher:Nellen

Chapter3: Taxes On The Financial Statements

Section: Chapter Questions

Problem 11P

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Current liabilities include interest
revenue received in advance, with a
carrying amount if P1,000. The related
interest revenue was taxed on a cash
basis. The tax base is *
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