Candice Corporation, a domestic corporation sold its 100,000 shares with par value of P 15 per share to Aginer Corporation for P 20 per share. How much is the capital gains tax of ABC Corporation? P 225,000 P 75,000 P Nil P 300,000 Candice Corporation, a domestic corporation sold its 100,000 shares with par value of P 15 per share for P 20 per share to the stock market, how much tax should Candice Corporation pay to the BIR?

Candice Corporation, a domestic corporation sold its 100,000 shares with par value of P 15 per share to Aginer Corporation for P 20 per share. How much is the capital gains tax of ABC Corporation? P 225,000 P 75,000 P Nil P 300,000 Candice Corporation, a domestic corporation sold its 100,000 shares with par value of P 15 per share for P 20 per share to the stock market, how much tax should Candice Corporation pay to the BIR?

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter2: Financial Statements, Cash Flow,and Taxes

Section: Chapter Questions

Problem 10MC

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