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Liceo de Cagayan University rented its gym to the Philippine Basketball Association. The rental was used by Liceo to support and finance their folkloric dancers
Liceo de Cagayan University rented its gym to the Philippine Basketball Association. The rental was used by Liceo to support and finance their folkloric dancers who will participate in an international dance competition. Is the rental income subject to income tax? Explain
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
