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What portion of the organizational costs will kew defer

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Problem 1: On January 1, 2000, Kew Corporation incurred organizational costs of P12,000. For financial accounting purposes, Kew is amortizing these costs on the same basis as the minimum allowable for income tax purposes. What portion of the organizational costs will Kew defer to years subsequent to 2000?

(a) P 0

(b) P2,400

(c) P9,600

(d) P12,000

Reference no: EM132695367

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