4. Dividend income received by a domestic corporation from a resident foreign corporation. The ratio of the foreign corporation's gross income derived in the Philippines over its total gross income for the past three years was thirty percent (30%). The dividends received were reinvested in the business operations of the domestic corporation in 2022 and were I used to fund its working capital requirements. The domestic corporation holds directly twenty percent (20%) in value of the outstanding shares of the foreign corporation and has held the shareholdings uninterruptedly for the past three (3) years at the time of the dividend distribution. 5. Dividend income received by a domestic corporation from a resident foreign corporation. The ratio of the foreign corporation's gross income derived in the Philippines over its total gross income for the past three years was 60%. 6. Dividend income received by a domestic corporation from a nonresident foreign corporation. The dividends received were reinvested in the business operations of the domestic corporation in 2022 and were used to fund its working capital requirements. The domestic corporation holds directly thirty percent (30%) in value of the outstanding shares of the foreign corporation and has held the shareholdings uninterruptedly for the past two (2) years at the time of the dividend distribution. 7. Dividend income received by a domestic corporation from a nonresident foreign corporation. The ratio of the foreign corporation's gross income derived in the Philippines over its total gross income for the past three years was forty five percent (45%). The domestic corporation holds directly twenty five percent (25%) in value of the outstanding shares of the foreign corporation and the dividend received were reinvested in its business operations after three (3) years.
4. Dividend income received by a domestic corporation from a resident foreign corporation. The ratio of the foreign corporation's gross income derived in the Philippines over its total gross income for the past three years was thirty percent (30%). The dividends received were reinvested in the business operations of the domestic corporation in 2022 and were I used to fund its working capital requirements. The domestic corporation holds directly twenty percent (20%) in value of the outstanding shares of the foreign corporation and has held the shareholdings uninterruptedly for the past three (3) years at the time of the dividend distribution. 5. Dividend income received by a domestic corporation from a resident foreign corporation. The ratio of the foreign corporation's gross income derived in the Philippines over its total gross income for the past three years was 60%. 6. Dividend income received by a domestic corporation from a nonresident foreign corporation. The dividends received were reinvested in the business operations of the domestic corporation in 2022 and were used to fund its working capital requirements. The domestic corporation holds directly thirty percent (30%) in value of the outstanding shares of the foreign corporation and has held the shareholdings uninterruptedly for the past two (2) years at the time of the dividend distribution. 7. Dividend income received by a domestic corporation from a nonresident foreign corporation. The ratio of the foreign corporation's gross income derived in the Philippines over its total gross income for the past three years was forty five percent (45%). The domestic corporation holds directly twenty five percent (25%) in value of the outstanding shares of the foreign corporation and the dividend received were reinvested in its business operations after three (3) years.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Determine the correct tax treatment of the following dividends
Transcribed Image Text:4. Dividend income received by a domestic corporation from a resident
used to fund its working capital requirements. The domestic corporation
in the business operations of the domestic corporation in 2022 and were
years was thirty percent (30%). The dividends received were reinvested
foreign corporation. The ratio of the foreign corporation's gross incorme
derived in the Philippines over its total gross income for the past three
holds directly twenty percent (20%) in value of the outstanding shares
the foreign corporation and has held the shareholdings uninterruptedly fo
the past three (3) years at the time of the dividend distribution.
5. Dividend income received by a domestic corporation from a resident
foreign corporation. The ratio of the foreign corporation's gross income
derived in the Philippines over its total gross income for the past three
years was 60%.
6. Dividend income received by a domestic corporation from a nonresident
foreign corporation. The dividends received were reinvested in the
business operations of the domestic corporation in 2022 and were used to
fund its working capital requirements. The domestic corporation holds
directly thirty percent (30%) in value of the outstanding shares of the
foreign corporation and has held the shareholdings uninterruptedly for the
past two (2) years at the time of the dividend distribution.
7. Dividend income received by a domestic corporation from a nonresident
foreign corporation. The ratio of the foreign corporation's gross income
derived in the Philippines over its total gross income for the past three
years was forty five percent (45%). The domestic corporation holds
directly twenty five percent (25%) in value of the outstanding shares of the
foreign corporation and the dividend received were reinvested in its
business operations after three (3) years.
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