Fill in the blanks: In 2018, Yzza Corporation a resident foreign corporation was on its 6th year of operations. The following data pertain to its operations in the Philippines for the years 2018 and 2019- 2018 2019 Gross profit from sales P620,000 P720,000 Business expenses 530,000 612,000 The Normal income tax for 2018 is NOTE: Answers are in numerical form, COMMA, PESO SIGN, and other characters are NOT REQUIRED.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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BUM21 B-BACD002 BOM1 10:30AM 12:00NN TUESDAY & FRIDAY
EA# 9 Tax on Corporation: Problem Solving FnB
Question 1 of 43
Fill in the blanks:
In 2018, Yzza Corporation a resident foreign corporation was on its 6th year of operations. The following data pertain to its operations in the Philippines for the years 2018 and 2019
2018
2019
hs
P620,000 P720,000
Gross profit from sales
Business expenses
530,000
612,000
The Normal income tax for 2018 is
NOTE:Answers are in numerical form. COMMA, PESO SIGN, and other characters are NOT REQUIRED.
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Transcribed Image Text:BUM21 B-BACD002 BOM1 10:30AM 12:00NN TUESDAY & FRIDAY EA# 9 Tax on Corporation: Problem Solving FnB Question 1 of 43 Fill in the blanks: In 2018, Yzza Corporation a resident foreign corporation was on its 6th year of operations. The following data pertain to its operations in the Philippines for the years 2018 and 2019 2018 2019 hs P620,000 P720,000 Gross profit from sales Business expenses 530,000 612,000 The Normal income tax for 2018 is NOTE:Answers are in numerical form. COMMA, PESO SIGN, and other characters are NOT REQUIRED. Ongoing Shot on OnePlus Ei COL Type here to search Powered by Triple Camera O
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