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c. Subject to regular income tax

c. Subject to regular income tax

FINANCIAL ACCOUNTING
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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39. Dividends declared by Foreign Corporations to Domestic Corporation is * a. Subject to 20% Final Tax b. Is exempt from tax c. Subject to regular income tax d. Subject to final tax of 15% 40. Which accounting method record sales based on the cash flows a. Accrual Basis Method O b. Cash Basis Method c. Money Flow Method O d. Sales Flow Method
Transcribed Image Text:39. Dividends declared by Foreign Corporations to Domestic Corporation is * a. Subject to 20% Final Tax b. Is exempt from tax c. Subject to regular income tax d. Subject to final tax of 15% 40. Which accounting method record sales based on the cash flows a. Accrual Basis Method O b. Cash Basis Method c. Money Flow Method O d. Sales Flow Method
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