A resident Chinese national died and left assets in China valued at P80 million and in the Philippines valued at P20 million. For Philippine estate tax purposes the share of his surviving spouse in their conjugal partnership amounted to P15 million. The gross estate for Philippine estate tax purposes is?

A resident Chinese national died and left assets in China valued at P80 million and in the Philippines valued at P20 million. For Philippine estate tax purposes the share of his surviving spouse in their conjugal partnership amounted to P15 million. The gross estate for Philippine estate tax purposes is?

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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