Juana, a Filipina died in Ukraine left the following properties House and lot in Ukraine 1,500,000 Vacant lot in Quezon City 3,000,000 Shares of stocks of Domestic Corp., 60% of the business located in the Philippines 400,000 Shares of stocks in a Foreign Corp.70% of the business is located in the Phils. 500,000 Car in Ukraine 900,000 a. How much is the gross estate. b. Given the same information, how much is the gross estate if Juana is non-resident alien?

Juana, a Filipina died in Ukraine left the following properties House and lot in Ukraine 1,500,000 Vacant lot in Quezon City 3,000,000 Shares of stocks of Domestic Corp., 60% of the business located in the Philippines 400,000 Shares of stocks in a Foreign Corp.70% of the business is located in the Phils. 500,000 Car in Ukraine 900,000 a. How much is the gross estate. b. Given the same information, how much is the gross estate if Juana is non-resident alien?

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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