W-r-i-t-e- -y-o-u-r- -u-n-d-e-r-s-t-a-n-d-i-n-g- -a-n-d- -l-e-a-r-n-i-n-g-s- -o-f- -t-h-e- -t-o-p-i-c-s- -m-e-n-t-i-o-n- -b-e-l-o-w- I-m-p-o-r-t-a-n-t- -n-o-t-e-:- -t-h-e-s-e- -a-r-e- -a-l-l- -p-h-i-l-i-p-i-n-e- -b-a-s-e- -i-n-c-o-m-e- -t-a-x W-i-t-h-h-o-l-d-i-n-g- -T-a-x-e-s F-i-n-a-l- -W-i-t-h-h-o-l-d-i-n-g- -T-a-x C-r-e-d-i-t-a-b-l-e- -W-i-t-h-h-o-l-d-i-n-g- -T-a-x F-r-i-n-g-e- -B-e-n-e-f-i-t- -T-a-x- (F-B-T)
W-r-i-t-e- -y-o-u-r- -u-n-d-e-r-s-t-a-n-d-i-n-g- -a-n-d- -l-e-a-r-n-i-n-g-s- -o-f- -t-h-e- -t-o-p-i-c-s- -m-e-n-t-i-o-n- -b-e-l-o-w- I-m-p-o-r-t-a-n-t- -n-o-t-e-:- -t-h-e-s-e- -a-r-e- -a-l-l- -p-h-i-l-i-p-i-n-e- -b-a-s-e- -i-n-c-o-m-e- -t-a-x W-i-t-h-h-o-l-d-i-n-g- -T-a-x-e-s F-i-n-a-l- -W-i-t-h-h-o-l-d-i-n-g- -T-a-x C-r-e-d-i-t-a-b-l-e- -W-i-t-h-h-o-l-d-i-n-g- -T-a-x F-r-i-n-g-e- -B-e-n-e-f-i-t- -T-a-x- (F-B-T)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
W-r-i-t-e- -y-o-u-r- -u-n-d-e-r-s-t-a-n-d-i-n-g- -a-n-d- -l-e-a-r-n-i-n-g-s- -o-f- -t-h-e- -t-o-p-i-c-s- -m-e-n-t-i-o-n- -b-e-l-o-w-
I-m-p-o-r-t-a-n-t- -n-o-t-e-:- -t-h-e-s-e- -a-r-e- -a-l-l- -p-h-i-l-i-p-i-n-e- -b-a-s-e- -i-n-c-o-m-e- -t-a-x
W-i-t-h-h-o-l-d-i-n-g- -T-a-x-e-s
F-i-n-a-l- -W-i-t-h-h-o-l-d-i-n-g- -T-a-x
C-r-e-d-i-t-a-b-l-e- -W-i-t-h-h-o-l-d-i-n-g- -T-a-x
F-r-i-n-g-e- -B-e-n-e-f-i-t- -T-a-x- (F-B-T)
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