CHOICES OF ANSWER 0 7,800 67,800 60,000 timed task, please answer for upvote :)) A parent company

 

CHOICES OF ANSWER

0

7,800

67,800

60,000

timed task, please answer for upvote :))

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A parent company holds 80% of the outstanding shares of VBN Corp. making the latter a subsidiary. During the year, one of the related party transactions that occurred is the parent granting a loan to the subsidiary worth P500,000 with interest due in 6 months. Interest earned by the parent company is P65,000. Answer the following: How much is the VAT on the transaction? [Select] A parent company holds 80% of the outstanding shares of VBN Corp. making the latter a subsidiary. During the year, one of the related party transactions that occurred is the parent granting a loan to the subsidiary worth P500,000 with interest due in 6 months. Interest earned by the parent company is P65,000. Answer the following: How much is the VAT on the transaction? [Select]

Answer rating: 100% (QA)

Correct anwer is 0 Reasoning VATValue added tax is ... View the full answer