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What is Buffalo Wings Company financial income subject

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Question - Buffalo Wings Company reports taxable income of P1,658,000 on its income tax return for the year ended December 31, 2020. Temporary differences between financial income and taxable income for the year are:

Book depreciation in excess of tax depreciation, P160,000

Accrual of product warranty claims in excess of actual claims, P250,000

Reported installment sales revenue, P530,000

Required - What is Buffalo Wings Company's financial income subject to tax for the year ended December 31, 2020?

Reference no: EM133056101

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