M, building contractor showed to you the following data Contract price, net Cash received (VAT included)...

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M, building contractor showed to you the following data Contract price, net Cash received (VAT included) Receivables Advances on other contracts still unearned (w/o VAT) Payments (VAT excluded) For materials For supplies For operating expenses For services of sub-contractors (VAT included) The VAT payable is a. P108,000 b. P348,000 500,000 100,000 200,000 1,680,000 c. P350,000 P5,000,000 2,240,000 3,000,000 1,000,000 d. P12,000 M, building contractor showed to you the following data Contract price, net Cash received (VAT included) Receivables Advances on other contracts still unearned (w/o VAT) Payments (VAT excluded) For materials For supplies For operating expenses For services of sub-contractors (VAT included) The VAT payable is a. P108,000 b. P348,000 500,000 100,000 200,000 1,680,000 c. P350,000 P5,000,000 2,240,000 3,000,000 1,000,000 d. P12,000

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a P108000 REASON Particulars Amount Output VAT Cash Received V... View the full answer