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How much is the tax base of the liability

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Reference no: EM132971359

Question - Current liabilities include accrued expenses with a carrying amount of P4,000. The related expense has already been deducted for tax purposes. How much is the tax base of the liability?

a. 4,000

b. 2,400

c. 1,600

d. 0

Reference no: EM132971359

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