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Problem - In 2018, Leni created two (2) trust for his minor son, Isko, of which corresponding income taxes were paid. During the year, the two trusts earned net income as follows:
Trust 1 P5,500,000
Trust 2 P7,500,000
Required - How much is the consolidated tax due of the Trust?
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Using the direct method for support department cost allocation, how much of Support Department 1's costs will be allocated to Support Department 2
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