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Essay Multiple Choice

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All Jurisprudence based

0 tracked cards Commercial and Taxation Laws

A stipulated non-Philippine national makes an equity contribution of equipment actually transferred to the Philippines, duly registered with BSP, and properly recorded in the enterprise's ownership registry. Is noncash form alone a reason to exclude it from the stated definition?

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No; the definition includes other assets, not only foreign exchange. Yes, equipment can never be an asset. Yes, ownership recording is forbidden for foreign investors. Yes, registration makes it a tax rather than equity.

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