Nicanor left the following bank deposits upon his death: Uno Bank – Php 1,000,000 Dos Bank – Php 2,000,000 Tri Bank – Php 3,000,000 How much is the amount to be reported as part of gross estate assuming the heirs of Nicanor opted for final tax
Nicanor left the following bank deposits upon his death: Uno Bank – Php 1,000,000 Dos Bank – Php 2,000,000 Tri Bank – Php 3,000,000 How much is the amount to be reported as part of gross estate assuming the heirs of Nicanor opted for final tax
Chapter16: Accounting Periods And Methods
Section: Chapter Questions
Problem 39P
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Question
Nicanor left the following bank deposits upon his death:
- Uno Bank – Php 1,000,000
- Dos Bank – Php 2,000,000
- Tri Bank – Php 3,000,000
How much is the amount to be reported as part of gross estate assuming the heirs of Nicanor opted for final tax?
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