In March 2019, Big Brother, had a net income from business of P600,000, a gain of...

 

Transcribed Image Text:

In March 2019, Big Brother, had a net income from business of P600,000, a gain of P200,000 (selling price of P1,800,000 and cost of P1,600,000) on a sale of land in the Philippines held as capital asset for five years, a gain of P50,000 from the sale of his old car used in the delivery of his products, a gain of P10,000 on the sale of his Toyota Rush and a Selling Price of $4,000 on a sale of shares of stock not traded in stock exchange. How much is the gross income of Big Brother? In March 2019, Big Brother, had a net income from business of P600,000, a gain of P200,000 (selling price of P1,800,000 and cost of P1,600,000) on a sale of land in the Philippines held as capital asset for five years, a gain of P50,000 from the sale of his old car used in the delivery of his products, a gain of P10,000 on the sale of his Toyota Rush and a Selling Price of $4,000 on a sale of shares of stock not traded in stock exchange. How much is the gross income of Big Brother?

Answer rating: 100% (QA)

Net income from business P600000 Gain from the sale of land P200000 Gain from the sale of old ... View the full answer