Question: 10. ABC Co., a VAT payer, imported goods from a foreign supplier. Costs incurred by ABC include the following: purchase price, P250; import duties, P20;

10. ABC Co., a VAT payer, imported goods from a foreign
supplier. Costs incurred by ABC include the following: purchase price, P250; import

10. ABC Co., a VAT payer, imported goods from a foreign supplier. Costs incurred by ABC include the following: purchase price, P250; import duties, P20; value added tax, P15; transportation and handling costs, P5; and commission to broker, P2. How much is the cost of purchase of the imported goods? a. 292 b. 277 c. 257 d. 255

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