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From the data below, how much is the total passive income? Description 2020 Interest income on savings deposits in local banks Income from sale of lot held for investment, located IN Compensation income Income from legitimate business Income from illegal business Income from sale of machine not used in business P3,000 320,000 200,000 400,000 800,000 40,000 а. Р323,000 b. P43,000 с. Р3,.000 d. Answer not given

From the data below, how much is the total passive income? Description 2020 Interest income on savings deposits in local banks Income from sale of lot held for investment, located IN Compensation income Income from legitimate business Income from illegal business Income from sale of machine not used in business P3,000 320,000 200,000 400,000 800,000 40,000 а. Р323,000 b. P43,000 с. Р3,.000 d. Answer not given

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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From the data below, how much is the total passive income? Description Interest income on savings deposits in local banks 2020 P3,000 Income from sale of lot held for investment, located IN 320,000 Compensation income Income from legitimate business Income from illegal business Income from sale of machine not used in business 200,000 400,000 800,000 40,000 а. Р323,000 b. P43,000 с. Р3,000 d. Answer not given
Transcribed Image Text:From the data below, how much is the total passive income? Description Interest income on savings deposits in local banks 2020 P3,000 Income from sale of lot held for investment, located IN 320,000 Compensation income Income from legitimate business Income from illegal business Income from sale of machine not used in business 200,000 400,000 800,000 40,000 а. Р323,000 b. P43,000 с. Р3,000 d. Answer not given
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