S1: John, is a sole proprietor of ABC Enterprise, imports goods from abroad, convert them into...

 

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S1: John, is a sole proprietor of ABC Enterprise, imports goods from abroad, convert them into finished goods, and sell some of them locally and exports some. John is required to pay P 1,000 annual registration with the BIR as he sells goods locally and exports them. S2: John, a sole proprietor of Andokis Poinks has established its second branch apart from its first branch which is its head office. John is required to pay P 500 for his annual registration fee with the BIR. O a. Only S1 is true O b. Only S2 is true O c. Both are true O d. Both are false S1: John, is a sole proprietor of ABC Enterprise, imports goods from abroad, convert them into finished goods, and sell some of them locally and exports some. John is required to pay P 1,000 annual registration with the BIR as he sells goods locally and exports them. S2: John, a sole proprietor of Andokis Poinks has established its second branch apart from its first branch which is its head office. John is required to pay P 500 for his annual registration fee with the BIR. O a. Only S1 is true O b. Only S2 is true O c. Both are true O d. Both are false

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The detailed answer for the above question is provided below The correct answer is d Both are f... View the full answer