Ms. L is an employee of Z company which closed its business during the year. Ms. L's paycheck shows the following details: Current month salary P30,000 Unpaid salary last month 30,000 Separation pay 200,000 How much will be included in Ms. L's gross income? O P30,000 O P60,000 P200,000 P260,000

Ms. L is an employee of Z company which closed its business during the year. Ms. L's paycheck shows the following details: Current month salary P30,000 Unpaid salary last month 30,000 Separation pay 200,000 How much will be included in Ms. L's gross income? O P30,000 O P60,000 P200,000 P260,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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4G E
10:44 b O
4G E 10:12 O O 8
01:58:07 Remaining
Multiple Choice
Ms. L is an employee of Z
company which closed its
business during the year. Ms. L's
paycheck shows the following
details:
Current month salary P30,000
Unpaid salary last month 30,000
Separation pay 200,000
How much will be included in Ms.
Ls gross income?
P30,000
P60,000
P200,000
P260,000
21 of 60
II

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