php 2,

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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Carol corp   is a domestic corporation

taxable period:2021  
Gross sales php 2,500,000
other operating income 200,000
non-operating income 100,000
cost of sales 1,000,000
operating expenses 5,00,000
non operating expenses 50,000

Compute for the 2021 NET TAXABLE INCOME using OSD .show computation

  1. 1,020,000
  2. 1,030,000
  3. 1,080,000
  4. 1.120,000
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