Practice question
The yearly director-compensation ceiling uses which income base?
- Current-year gross sales
- Next year’s predicted revenue
- Current-year net income after tax
- The preceding year’s net income before income tax
- The company’s total assets
Legal references
- https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 29
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