Ms. L is an employee of Z company which closed its business during the year. Ms. L's paycheck shows the following details: Current month salary P30,000 Unpaid salary last month 30,000 Separation pay 200,000 How much will be included in Ms. L's gross income? O P30,000 O P60,000 P200,000 P260,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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4G E
10:44 b O
4G E 10:12 O O 8
01:58:07 Remaining
Multiple Choice
Ms. L is an employee of Z
company which closed its
business during the year. Ms. L's
paycheck shows the following
details:
Current month salary P30,000
Unpaid salary last month 30,000
Separation pay 200,000
How much will be included in Ms.
Ls gross income?
P30,000
P60,000
P200,000
P260,000
21 of 60
II
Transcribed Image Text:4G E 10:44 b O 4G E 10:12 O O 8 01:58:07 Remaining Multiple Choice Ms. L is an employee of Z company which closed its business during the year. Ms. L's paycheck shows the following details: Current month salary P30,000 Unpaid salary last month 30,000 Separation pay 200,000 How much will be included in Ms. Ls gross income? P30,000 P60,000 P200,000 P260,000 21 of 60 II
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