Shine received a promissory note of Php. 90,000, representing payment for her services as a legal officer, from Shiner
Shine received a promissory note of Php. 90,000, representing payment for her services as a legal officer, from Shiner
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 21CE
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Question
Shine received a promissory note of Php. 90,000, representing payment for her services as a legal officer, from Shiners Company payable after two years. COMPUTE Shine's GROSS COMPENSATION INCOME UNDER THE FOLLOWING SITUATION: The note is interest-bearing with an interest rate of 12%.
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ISBN:
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Author:
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Publisher:
CENGAGE LEARNING - CONSIGNMENT