FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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From the data below, how much is the total passive income? Description Interest income on savings deposits in local banks 2020 P3,000 Income from sale of lot held for investment, located IN 320,000 Compensation income Income from legitimate business Income from illegal business Income from sale of machine not used in business 200,000 400,000 800,000 40,000 а. Р323,000 b. P43,000 с. Р3,000 d. Answer not given
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Transcribed Image Text:From the data below, how much is the total passive income? Description Interest income on savings deposits in local banks 2020 P3,000 Income from sale of lot held for investment, located IN 320,000 Compensation income Income from legitimate business Income from illegal business Income from sale of machine not used in business 200,000 400,000 800,000 40,000 а. Р323,000 b. P43,000 с. Р3,000 d. Answer not given
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