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5. Mr. Alvarez is engaged in the retail business. Through a Letter of Notice he received adeficiency tax assessment from the BIR containing only the
5. Mr. Alvarez is engaged in the retail business. Through a Letter of Notice he received adeficiency tax assessment from the BIR containing only the computation of the deficiencytax and the penalties. a. Is the assessment valid? b. What is the effect on his tax liability if he will not protest the assessment for adeficiency tax? Explain
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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
