Doner's Tax P6.5. (CUMULATIVE GIFTS; Upon effectivity of TRAIN Law) celebrated on January 1, 2021. On March 1, P200,000 to his son, on account of marriage On March 1, P200,000 to his son, on account of marriage celebrated on January 1, 2021. On May 30, a parcel of land worth P500.000 to his brother, subject to the condition that the donee would assume the mortgage indebtedness in the amount of P100,000. On June 30, P300,000 to an ailing friend On July 31, P200,000 cash to Bantay Bata On Septenmber 30, a house and lot worth P3,000,000 to his daughter and son in law, on account of their scheduled marriage on Decemher 25 200

Doner's Tax P6.5. (CUMULATIVE GIFTS; Upon effectivity of TRAIN Law) celebrated on January 1, 2021. On March 1, P200,000 to his son, on account of marriage On March 1, P200,000 to his son, on account of marriage celebrated on January 1, 2021. On May 30, a parcel of land worth P500.000 to his brother, subject to the condition that the donee would assume the mortgage indebtedness in the amount of P100,000. On June 30, P300,000 to an ailing friend On July 31, P200,000 cash to Bantay Bata On Septenmber 30, a house and lot worth P3,000,000 to his daughter and son in law, on account of their scheduled marriage on Decemher 25 200

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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