Santo Cristo Institute of Engineering and Accountancy (SCIEA), is an educational institution offering senior high school and tertiary education. It is registered with and accredited by the Department of Education (DepEd) and Commission on Higher Education (CHED). Which of th following income is taxable under the identified type of tax regardless of the school being proprietary or non-stock, non-profit educational institution? * O the importation of laboratory equipments - from customs duties O a portion of the school building being leased to a fastfood chain - from real property tax O the income from operation - from income tax ) the school building being rented by the school - from real property tax
Santo Cristo Institute of Engineering and Accountancy (SCIEA), is an educational institution offering senior high school and tertiary education. It is registered with and accredited by the Department of Education (DepEd) and Commission on Higher Education (CHED). Which of th following income is taxable under the identified type of tax regardless of the school being proprietary or non-stock, non-profit educational institution? * O the importation of laboratory equipments - from customs duties O a portion of the school building being leased to a fastfood chain - from real property tax O the income from operation - from income tax ) the school building being rented by the school - from real property tax
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Santo Cristo Institute of Engineering and Accountancy (SCIEA), is an educational institution
offering senior high school and tertiary education. It is registered with and accredited by the
Department of Education (DepEd) and Commission on Higher Education (CHED). Which of the
following income is taxable under the identified type of tax regardless of the school being
proprietary or non-stock, non-profit educational institution? *
O the importation of laboratory equipments - from customs duties
O a portion of the school building being leased to a fastfood chain - from real property tax
O the income from operation - from income tax
O the school building being rented by the school - from real property tax
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