ABC Corp., a listed company, wanted to acquire 10% of the shares of GHI Landholdings, a listed company. It availed the services of XYZ Capital Securities, an accredited broker of the Philippine Stock Exchange. XYZ Capital successfully closed the transaction on behalf of ABC Corp. at the price of Php 100 Million. The stock transaction tax is?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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ABC Corp., a listed company, wanted to acquire 10% of the shares of GHI Landholdings, a listed company. It availed the services of XYZ Capital Securities, an accredited broker of the Philippine Stock Exchange. XYZ Capital successfully closed the transaction on behalf of ABC Corp. at the price of Php 100 Million. The stock transaction tax is?

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