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Problem 1: Zamboanga Corporation, a resident corporation, is a venturer in Southern Philippine Ventures (SPV), an incorporated joint venture formed under Philippine laws. Zamboanga owns 30% interest in SPV. During 2014, SPV reported P3,000,000 profit and declared P1,000,000 in dividends. How much final tax will be withheld from the dividend distribution to Zamboanga Corporation?
a. P 100, 000
b. P 30, 000
c. P 90, 000
d. P 0
What is the interest expense for Benjamin company. Benjamin company issues one hundred $1110 ten year bonds at 4% the market interest rate is 4%.
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