Mr. Chua sold shares of stocks of a resident foreign corporation directly to a buyer. The shares were purchased for P100,000 and were sold at a net selling price of P210,000. Compute the capital gains tax.
Mr. Chua sold shares of stocks of a resident foreign corporation directly to a buyer. The shares were purchased for P100,000 and were sold at a net selling price of P210,000. Compute the capital gains tax.
Chapter15: Choice Of Business Entity—other Considerations
Section: Chapter Questions
Problem 80P
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Mr. Chua sold shares of stocks of a resident foreign corporation directly to a buyer. The shares were purchased for P100,000 and were sold at a net selling price of P210,000.
Compute the
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