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What is the taxable net income

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Reference no: EM133183279

Question - X Corporation opted to deduct OSD. The following are the results of its operation: Net sales -P3,450,000; Cost of Sales - P2,100,000; Dividend from Y Corporation, a domestic corporation - P150,000; Gain on sale of Building - P200,000; Selling Expenses - P70,000; Administrative Expenses - P30,000. What is the taxable net income?

A. P930,000

B. P1,020,000

C. P870,000

D. P810,000

Reference no: EM133183279

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