Take quiz Question 17 1 Nicanor, resident citizen, sold his shares of stock from ABC Corporation, a foreign corporation based in United Kingdom, to Inday, resident citizen, for P 200,000 with cost of P 100.000 S1: For income tax purposes, the sale of shares of stock by Nicanor is taxable. S2: The sale of the shares of stock is subject to 15% capital gains tax based on net capital gain of P 100.000 a. Only $1 is true b. Only S2 is true 0 Both are true O d. Both are false Previous Nex Not saved Subr