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Stress Na Ako Aa Pag Gawa ng Questions Corp. (SQ Corp.), a VAT- registered entity, loves fresh milk from the greatest co
Posted: Mon Apr 25, 2022 7:41 am
by answerhappygod
- Stress Na Ako Aa Pag Gawa Ng Questions Corp Sq Corp A Vat Registered Entity Loves Fresh Milk From The Greatest Co 1 (53.79 KiB) Viewed 37 times
Stress Na Ako Aa Pag Gawa ng
Questions Corp. (SQ Corp.), a VAT- registered entity, loves fresh milk from the greatest cows. So SQ Corp buys it fresh from a local dairy farm. They will use the milk to make pasteurized milk. Further, they also sell advertising space on their milk cartons. During the 3rd quarter, they have the following data P 1,420,000 688,800 952,000 Unprocessed fresh cow milk bought from dairy farms Packaging materials Other factory supplies Advertising Income (30% are still unpaid) Sale of pasteurized milk (25% are still unpaid) 585,760 2,172,800 All of the above amounts are VAT inclusive, if applicable. How much is the VAT payable for the quarter? OTT 119,760 62,960 44,132