mr. a is an importer-trader. on one occasion he imported articles to be sold. data on the importation follows. invoice cost of the importation p1,000.000 freight 10,000 insurance 15,000 customs duty 100,000 customs brokerage fee 20,000 processing fee 10,000 excise tax and others legitimate expenses of importation prior to removal from customs custody 90,000 how much was the landed cost tax base of the value- added tax? how much was the value-added tax on the importation?

mr. a is an importer-trader. on one occasion he imported articles to be sold. data on the importation follows. invoice cost of the importation p1,000.000 freight 10,000 insurance 15,000 customs duty 100,000 customs brokerage fee 20,000 processing fee 10,000 excise tax and others legitimate expenses of importation prior to removal from customs custody 90,000 how much was the landed cost tax base of the value- added tax? how much was the value-added tax on the importation?

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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