ABC, Inc. owns 20% of the stocks of DEF Corporation. ABC and DEF are both...
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Accounting
ABC, Inc. owns 20% of the stocks of DEF Corporation. ABC and DEF are both domestic corporations. DEF declared P120,000 dividends in 2021.
How much dividend income after deducting any applicable tax will ABC receive?
In the immediately preceding problem, what if ABC, Inc. is a non-resident foreign corporation. How much dividend income after any applicable tax will ABC receive?
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