Cool Ethan, an entrepreneur, was involved in an accident and was able to claim the following damages: Exemplary damages due to injuries - P70,000 Actual damages for unrealized profits - P120,000 Moral damages due to injuries - P80,000 Interest on non-taxable damages - P20,000 Attorney's fees - P100,000 Actual damages for lost products - P200,000 How much of the receipts is non-taxable?
Cool Ethan, an entrepreneur, was involved in an accident and was able to claim the following damages: Exemplary damages due to injuries - P70,000 Actual damages for unrealized profits - P120,000 Moral damages due to injuries - P80,000 Interest on non-taxable damages - P20,000 Attorney's fees - P100,000 Actual damages for lost products - P200,000 How much of the receipts is non-taxable?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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| Cool Ethan, an entrepreneur, was involved in an accident and was able to claim the following damages: | |||
|
Exemplary damages due to injuries - P70,000 Actual damages for unrealized profits - P120,000 Moral damages due to injuries - P80,000 Interest on non-taxable damages - P20,000 Attorney's fees - P100,000 Actual damages for lost products - P200,000 |
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| How much of the receipts is non-taxable? |
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