Philippine law 1. As a rule, legislative power is vested to the Congress. Exceptions to this rule are the following except: a. Emergency powers of the President b. Tariff powers of the president c. President power d. Delegation to LGU e. None of the above 2. Power to tax is exercised by? a. President b. Legislative c. Judiciary d. BIR 3. Custom duty is different from tax because: a. Custom duty is comprehensive than tax b. Custom duty refers to tax on persons and goods imported and exported c. Tax is based on law,
Philippine law 1. As a rule, legislative power is vested to the Congress. Exceptions to this rule are the following except: a. Emergency powers of the President b. Tariff powers of the president c. President power d. Delegation to LGU e. None of the above 2. Power to tax is exercised by? a. President b. Legislative c. Judiciary d. BIR 3. Custom duty is different from tax because: a. Custom duty is comprehensive than tax b. Custom duty refers to tax on persons and goods imported and exported c. Tax is based on law,
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Philippine law
1. As a rule, legislative power is vested to the Congress. Exceptions to this rule are the following except:
a. Emergency powers of the President
b. Tariff powers of the president
c. President power
d. Delegation to LGU
e. None of the above
2. Power to tax is exercised by?
a. President
b. Legislative
c. Judiciary
d. BIR
3. Custom duty is different from tax because:
a. Custom duty is comprehensive than tax
b. Custom duty refers to tax on persons and goods imported and exported
c. Tax is based on law, while custom duty is based on agreement
d. All of the above
e. None of the above
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 4 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education