2. Business law c. B, a Frenchman, arrived in the Philippines on January 01, 2010 and continued to live and engage in business in the Philippines. He went on a tour of South East Asia from August 01-November 05,2010. He

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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2. Business law c. B, a Frenchman, arrived in the Philippines on January 01, 2010 and continued to live and engage in business in the Philippines. He went on a tour of South East Asia from August 01-November 05,2010. He returned to Philippines on November 06, 2010 and stayed until April 15,2011 when he returned to France. He earned during his stay in the Philippines from his investments in the country. For the year 2010, what is the taxable status of B? d. School X is a non-profit educational institution. One of its buildings was rented as a bookstore which caters to the needs of all the students. Is the income generated by the bookstore exempt from tax?
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