CHOICES OF ANSWER

0

7,800

67,800

60,000

timed task, please answer for upvote :))

A parent company holds 80% of the outstanding shares of VBN Corp. making the latter a subsidiary. During the year, one of the related party transactions that occurred is the parent granting a loan to the subsidiary worth P500,000 with interest due in 6 months. Interest earned by the parent company is P65,000. Answer the following: How much is the VAT on the transaction? [Select]