Answered step by step
Verified Expert Solution
Question
1 Approved Answer
54. carandang is indebted to Dacuycuy. Due to his inability to pay the debt, he asked to clean the piggery of the latter for three
54. carandang is indebted to Dacuycuy. Due to his inability to pay the debt, he asked to clean the piggery of the latter for three months. Thereafter, dacuycuy gave him 5,000 cash and condoned the debt amounting to 10,000. How much income should be declared by carandang? a. 5,000 b. 10,000 c. 15,000 d.none
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started