Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

timed task, please answer for an upvote :)) In 2021, a construction company entered into a contract with the government to construct a building for

image text in transcribed

timed task, please answer for an upvote :))

In 2021, a construction company entered into a contract with the government to construct a building for a total contract price of P25,000,000, inclusive of VAT. During the month, the government paid 30% of the total price. How much is the VAT payable for the month if there is an input tax of P2,300,000? O none of the choices 1,562.500 0 378,571.43 0-737,500 In 2021, a construction company entered into a contract with the government to construct a building for a total contract price of P25,000,000, inclusive of VAT. During the month, the government paid 30% of the total price. How much is the VAT payable for the month if there is an input tax of P2,300,000? O none of the choices 1,562.500 0 378,571.43 0-737,500

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_2

Step: 3

blur-text-image_3

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

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students explore these related Accounting questions

Question

=+What information is needed?

Answered: 3 weeks ago