Mr. Loid, a non-resident alien stockholder, received a dividend income of PHP 300,000 in 2020 from a foreign corporation doing business in the Philippines. The gross income of the foreign corporation from within and without the Philippines for 3 years preceding 2020 are as follows: Source of Income From within the Philippines From without the Philippines How much of the dividend income received by Mr. Loid is considered income from sources within the Philippines? 300,000 X ●Zero 2017 150,000 157,500 2018 16,000,000.00 8,000,000.00 2019 12,000,000.00 14,000,000.00 14,000,000.00 16,000,000.00

Mr. Loid, a non-resident alien stockholder, received a dividend income of PHP 300,000 in 2020 from a foreign corporation doing business in the Philippines. The gross income of the foreign corporation from within and without the Philippines for 3 years preceding 2020 are as follows: Source of Income From within the Philippines From without the Philippines How much of the dividend income received by Mr. Loid is considered income from sources within the Philippines? 300,000 X ●Zero 2017 150,000 157,500 2018 16,000,000.00 8,000,000.00 2019 12,000,000.00 14,000,000.00 14,000,000.00 16,000,000.00

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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