Question
All amounts given are VAT not included: A, Non-VAT taxpayer, sells to B, VAT taxpayer P60,000 B, VAT taxpayer, sells to C, VAT taxpayer 90,000
All amounts given are VAT not included: A, Non-VAT taxpayer, sells to B, VAT taxpayer P60,000 B, VAT taxpayer, sells to C, VAT taxpayer 90,000 C, VAT taxpayer, sells to D, VAT taxpayer, an exporter 150,000 D, VAT taxpayer, exports 300,000 Compute the Value added tax, if any, of A, B, C, and D. Show your solutions.
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Managerial Accounting
Authors: Ray Garrison, Theresa Libby, Alan Webb
10th Canadian edition
978-1259024900
