Ana bought a 1,500,000 php 10-year life insurance policy, total premium of P600,000. Ana died in the 6th year. Her daughter received 1,500,000 from the company. Total premiums paid by Ana was 360,000. How much is the taxable income? 360,000;1,500,000;0;1,140,000 How much is the return on capital? 360,000;1,500,000;0;1,140,000 How much is the return of capital? 360,000;1,500,000;0;1,140,000
Ana bought a 1,500,000 php 10-year life insurance policy, total premium of P600,000. Ana died in the 6th year. Her daughter received 1,500,000 from the company. Total premiums paid by Ana was 360,000. How much is the taxable income? 360,000;1,500,000;0;1,140,000 How much is the return on capital? 360,000;1,500,000;0;1,140,000 How much is the return of capital? 360,000;1,500,000;0;1,140,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ana bought a 1,500,000 php 10-year life insurance policy, total premium of P600,000. Ana died in the 6th year. Her daughter received 1,500,000 from the company. Total premiums paid by Ana was 360,000.
How much is the taxable income? 360,000;1,500,000;0;1,140,000
How much is the return on capital? 360,000;1,500,000;0;1,140,000
How much is the return of capital? 360,000;1,500,000;0;1,140,000
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