Practice question
What noncash consideration problem is expressly identified in Section 64?
- Property valued below its fair value in every case.
- Property merely having a physical form.
- Noncash consideration valued in excess of fair value.
- Property located outside the principal office.
- Any noncash contribution regardless of value.
Legal references
- RA11232, RCC, Sections61–64: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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