69. Irene sold his stocks in Seulgi Corporation (domestic corporation) to a foreign investor at a gain of P800,000. The foreign investor is a corporation abroad which is not registered as doing business in the Philippines. How much of Irene's income is considered as coming from Philippine source? *

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Hi there! Kindly help me with accounting thanks in advance! :)

69. Irene sold his stocks in Seulgi Corporation (domestic corporation) to a foreign
investor at a gain of P800,000. The foreign investor is a corporation abroad which is
not registered as doing business in the Philippines. How much of Irene's income is
considered as coming from Philippine source? *
Transcribed Image Text:69. Irene sold his stocks in Seulgi Corporation (domestic corporation) to a foreign investor at a gain of P800,000. The foreign investor is a corporation abroad which is not registered as doing business in the Philippines. How much of Irene's income is considered as coming from Philippine source? *
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