CarRoq Corporation, a domestic dorporation a retailer of goods h gross sales of P 1,400,000,000 v cost of Sales of P560,000,000 a allowable deductions of P150,000,000.00 for the calend year 2021, its total assets of P180,000,000 includes the P50,000,000 and the building of 25,000,000. How much is the income tax due?

CarRoq Corporation, a domestic dorporation a retailer of goods h gross sales of P 1,400,000,000 v cost of Sales of P560,000,000 a allowable deductions of P150,000,000.00 for the calend year 2021, its total assets of P180,000,000 includes the P50,000,000 and the building of 25,000,000. How much is the income tax due?

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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