Assuming Ana is a non-resident alien, the gross estate is: Ana, died in Syria leaving the following properties: House and lot in Syria Vacant lot in Manila Shares of stock in a foreign corp., 70% of the business is located in the Philippines Shares of stock in a domestic corp., 60% of the business is located in the Philippines Car in Manila P2,000,000 P2,500,000 P3,800,000 P2,600,000 P 1,000,000 2,000,000 100,000 200,000 500,000

Assuming Ana is a non-resident alien, the gross estate is: Ana, died in Syria leaving the following properties: House and lot in Syria Vacant lot in Manila Shares of stock in a foreign corp., 70% of the business is located in the Philippines Shares of stock in a domestic corp., 60% of the business is located in the Philippines Car in Manila P2,000,000 P2,500,000 P3,800,000 P2,600,000 P 1,000,000 2,000,000 100,000 200,000 500,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Assuming Ana is a non-resident alien, the gross estate is:
Ana, died in Syria leaving the following properties:
P 1,000,000
2,000,000
100,000
House and lot in Syria
Vacant lot in Manila
Shares of stock in a foreign
corp., 70% of the business is
located in the Philippines
Shares of stock in a domestic
200,000
corp., 60% of the business is
located in the Philippines
Car in Manila
500,000
P2,000,000
P2,500,000
P3,800,000
P2,600,000

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