For items 6-10. A donor transferred the following properties on a certain day: Philippines Abroad Cash P 400,000 PO Land 1,000,000 Car 3,000,000 7. Assuming the donor is a resident alien, what is the amount of the donation inter- vivos? a. P1,000,000 b. P1,400,000 c. P4,000,000 d. P4,400,000

For items 6-10. A donor transferred the following properties on a certain day: Philippines Abroad Cash P 400,000 PO Land 1,000,000 Car 3,000,000 7. Assuming the donor is a resident alien, what is the amount of the donation inter- vivos? a. P1,000,000 b. P1,400,000 c. P4,000,000 d. P4,400,000

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

For items 6-10. A donor transferred the following properties on a certain day:
Philippines
Abroad
Cash
P 400,000
PO
Land
1,000,000
Car
3,000,000
7. Assuming the donor is a resident alien, what is the amount of the donation inter-
vivos?
a. P1,000,000 b. P1,400,000 c. P4,000,000 d. P4,400,000

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