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pis Naruto is an investor in Hokage Corporation. In 2019 he has 1,000 share holdings acquired at P120 per share or a total investment cost
pis Naruto is an investor in Hokage Corporation. In 2019 he has 1,000 share holdings acquired at P120 per share or a total investment cost of P 120,000 classified as capital asset. 2020 Transactions: January Received stock dividends 2 shares for every shareholdings. March April Sold 500 shares of Hokage Corporation for P120 per share. Purchased 300 shares of Hokage Corporation for P150 per shares. Sold 500 shares of Hokage Corporation for P90 per share. May How much is the nondeductible loss in May? A domestic corporation received P500,000 cash dividend from a foreign corporation the earnings of which are 70% earned in the Philippines. The taxable dividend income of the domestic corporation is
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