Which of the following is not correct? a.The situs of income on interest is the residency of the debtor b.The location where the intangible is used would determine the situs of royalties c.Dividend income from domestic corporation is always income from within the Philippines d.The situs when it comes to sale of shares is the place where the shares are sold

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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  1. Which of the following is not correct?

a.The situs of income on interest is the residency of the debtor

b.The location where the intangible is used would determine the situs of royalties

c.Dividend income from domestic corporation is always income from within the Philippines

d.The situs when it comes to sale of shares is the place where the shares are sold

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