Transactions Deemed Sale Subject to VAT

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1. What does the consignment regulation state about goods actually returned by the consignee within the sixty-day period? Multiple Choice Easy
2. At actual cessation, taxable goods have acquisition cost of P300,000 and current market price of P240,000. Assume the o… Multiple Choice Medium
3. A VAT-registered corporation changes only its corporate name while the same entity retains its assets and continues the… Multiple Choice Medium
4. New shareholders acquire control of a retailer. The retailer itself keeps title to the same inventory and continues ope… Multiple Choice Hard
5. A corporation distributes taxable trading inventory to shareholders as their share in profits. No money changes hands, … Multiple Choice Hard
6. Compare valuation of an ordinary qualifying nonbusiness withdrawal with valuation of retained taxable goods on actual b… Essay Hard
7. A corporation changes shareholders and its name but keeps its inventory and business. Distinguish those facts from an a… Essay Hard
8. Goods are consigned but returned to the consignor on day forty-five without any sale. Explain the result under the spec… Essay Hard