Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Juliet, a Filipina, made the following donations: a. To Nick, a land worth P450,000 in Manila. b. To Roselee, jewelry worth P100,000 in Japan. c.

image text in transcribed

Juliet, a Filipina, made the following donations: a. To Nick, a land worth P450,000 in Manila. b. To Roselee, jewelry worth P100,000 in Japan. c. To Adelind, PLDT shares amounting to P150,000. d. To Renard, a building in Italy P1,600,000 mortgaged for P50,000 assumed by the donee. e. To Drew, land in Davao worth P300,000. f. P300,000 cash, PNB New York to Hank. g. P200,000 receivable, 50% condoned by Juliet. How much is the gross gift? P5,200,000P4,200,000P4,100,000P3,200,000 Juliet, a Filipina, made the following donations: a. To Nick, a land worth P450,000 in Manila. b. To Roselee, jewelry worth P100,000 in Japan. c. To Adelind, PLDT shares amounting to P150,000. d. To Renard, a building in Italy P1,600,000 mortgaged for P50,000 assumed by the donee. e. To Drew, land in Davao worth P300,000. f. P300,000 cash, PNB New York to Hank. g. P200,000 receivable, 50% condoned by Juliet. How much is the gross gift? P5,200,000P4,200,000P4,100,000P3,200,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions