ABC Corp., a pharmaceutical company registered in 2020 had made available the following financial information for TY2021: Balance Sheet: Asset - Php 500,000 Liability - Php 100,000 Stockholders' Equity Php 400,000 Income Statement: Gross sales - Php 5,000,000,000 Cost of sales Php 4,000,000,000 Operating Expenses - Php 500,000,000 How much is the income tax due under CREATE Law?
ABC Corp., a pharmaceutical company registered in 2020 had made available the following financial information for TY2021: Balance Sheet: Asset - Php 500,000 Liability - Php 100,000 Stockholders' Equity Php 400,000 Income Statement: Gross sales - Php 5,000,000,000 Cost of sales Php 4,000,000,000 Operating Expenses - Php 500,000,000 How much is the income tax due under CREATE Law?
Chapter1: Financial Statements And Business Decisions
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