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  • Format PB-Compilation

    Diunggah oleh

    Paul Christian Lopez Fiedacan
    7 tayangan1 halaman
    A student was asked a multiple choice question regarding non-deductible interest expense. The possible answers were interest paid on: a) indebtedness incurred to finance petroleum exploration, b) scrip dividends by a corporation, c) a mortgage by a corporate taxpayer who is liable on real property owned by the corporation, or d) a tax deficiency if the interest is itself deductible. The student answered a) indebtedness incurred to finance petroleum exploration as being non-deductible interest.

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    A student was asked a multiple choice question regarding non-deductible interest expense. The possible answers were interest paid on: a) indebtedness incurred to finance petroleum exploration, b) scrip dividends by a corporation, c) a mortgage by a corporate taxpayer who is liable on real property owned by the corporation, or d) a tax deficiency if the interest is itself deductible. The student answered a) indebtedness incurred to finance petroleum exploration as being non-deductible interest.

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    © All Rights Reserved
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    7 tayangan1 halaman

    Format PB-Compilation

    Diunggah oleh

    Paul Christian Lopez Fiedacan
    A student was asked a multiple choice question regarding non-deductible interest expense. The possible answers were interest paid on: a) indebtedness incurred to finance petroleum exploration, b) scrip dividends by a corporation, c) a mortgage by a corporate taxpayer who is liable on real property owned by the corporation, or d) a tax deficiency if the interest is itself deductible. The student answered a) indebtedness incurred to finance petroleum exploration as being non-deductible interest.

    Hak Cipta:

    © All Rights Reserved
    Unduh sebagai DOCX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 1

    Note: Font Style is Calibri (Body), Font Size is 11, “No spacing” for paragraph

    ***
    STUDENT NAME: (Clariz, Dianne, Ella, Kimberly, Paul)

    Q: This is a non-deductible interest expense. Interest paid


    a. On indebtedness incurred to finance petroleum exploration
    b. By a corporation on scrip dividends
    c. By a corporate taxpayer who is liable on a mortgage upon real property of which said
    corporation is the legal or equitable owner
    d. On tax deficiency if the tax where the interest is in itself an item that is deductible from gross
    income
    A: A (you may add some note to support or briefly explain the answer)
    Ref: CPAR1PB0519

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