Question
Kara sold to Mia shares of stock of a foreign corporation at a selling price of P1,000,000 with an acquisition cost of P380,000. On
Kara sold to Mia shares of stock of a foreign corporation at a selling price of P1,000,000 with an acquisition cost of P380,000. On the same date, Kara sold to Mia shares of stock of a domestic corporation at a selling price of P600,000, and an acquisition cost of P400,000. If Kara is a resident citizen and is a dealer in securities, and the shares were sold directly to Mia, how much is the capital gains tax due of Kara from the transaction?
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For the capital gains tax due of Kara from the transaction the calculation is as follows Foreign Cor...Get Instant Access to Expert-Tailored Solutions
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Valuation The Art and Science of Corporate Investment Decisions
Authors: Sheridan Titman, John D. Martin
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133479528, 978-0133479522
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