Name dadural carla mae f date april 29 2021 yr sec

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Name:Dadural, Carla Mae F.Date:April 29, 2021Yr. & Sec.:BSBA HRDM 2AScore:_________depoChoose the letter of the correct answer.PrinciplesC1. Which of the following is not subject to business tax?a. Sale of goods. services and lease of property in the ordinary course of trade or business.b. Importation of goods into the Philippines, whether for personal or business usec. Gratuitous transferd. All of the aboveD2. Which is correct?a. Without a business pursued in the Philippines (except importation) by the taxpayer, valueadded tax cannot be imposed.b. In the course of trade or business' means the regular conduct or pursuit of a commercial or aneconomic activity, including transactions incidental thereto. by any person regardless of whetheror not the person engaged therein is a non-stock, non-profit private organization or governmententity.c. Services rendered in the Philippines by a non-resident foreign person shall be considered asbeing rendered in the course of trade or business even 0 the - performance is not regular.d. All of the aboveC3. Philippine Catering Corporation (PCC) is a vat registered company which has been engaged inthe catering business for the past 10 years. It has invested a substantial portion of its capital on flatwares, table linens, plates, chairs, catering equipment, and delivery vans. PCC sold its first delivery van,already 10 years old and idle to Northern Gravel and Sand Corporation (NGSC),-a corporation engaged inthe business of buying and selling gravel and sand. The setting price of the delivery can was way belowIts acquisition cost. The sale of delivery van by PCC to NGSCa. An unrelated transaction to PCC, hence, not subject to vatb. An isolated transaction which is not subject to vat.c. The sale is subject to vat being a transaction incidental to the catering business which is a vat regis-tered activity of PCC.d. None of the above90
A4.Which statement is wrong? Transactions considered "in the course of trade or business", andtherefore subject to the business taxes include:a. Regular conduct or pursuit of a commercial or an economic activity by a stock private organi-zation.b. Regular conduct or pursuit of a commercial or an economic activity by a non-stock, non-profitprivate organization.c. Isolated services in the Philippines by non-resident foreign persons.d. Isolated sale of goods or services.B

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