3 LJ and Fermin formed a joint venture They agreed to share profit or loss in the ratio of 70 and 30 respectively The results of the operations for 2021 taxable year were provided below Gross Income Business Expenses JOINT VENTURE 5 000 000 3 000 000 The income tax due of LJ in 2021 is LJ 3 000 00...

To calculate the income tax due for LJ in 2021 we can follo ...

3. LJ and Fermin formed a joint venture. They agreed to share profit or loss in...

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3. LJ and Fermin formed a joint venture. They agreed to share profit or loss in...

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