Accounting 7 /ACC303
1. P100,000 - The corporation elected to report gains or losses in the profit or loss
+ 100,000 - Debt security - hold debt for short term profits
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P200,000
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2. P150,000 - The corporation elected to report gains or losses in the other comprehensive income
3. P500,000 - Debt security of another company quoted in an active market. Business model
of the corporation has an objective of collecting contractual cash flows from the bonds
which are primarily in the form of interests and principal.
4. P500,000 - 20% equity securities of another company quoted in an active market
5. P1,400,000 - 51% equity securities of another company quoted in an active market
6. P700,000 - Real property held for speculation purposes
+ 900,000 - Real property of a manufacturing business being leased out to another party
+ 800,000 - Land held for undetermined future use
+ 300,000 - Real property being developed as an investment property
P2,700,000
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List of those who participated
Inocencio, Laurence
Alvarez, Vic Manuel
Lappay, Juvelyn
Gatpandan, Grace
Padron, Abegail
Algura, Mary Joy
Marino, Althea Mae
Bandrang, Alyanna
Ignacio, Andrea
Arguelles, Stephany
Melgazo, Carie Jane
Batica, Catherine Anne
Genovia, Colene Tricia
Almendral, Dan
Dimaculangan, Rone Ann
Sanggalang, Francis Joshua
Guerrero, John Robert
Marcelo, Hazel Joy
Arguelles, Joanna Marie
Gabriel, Karmela Mae
Lee, Christian Lloren
Lendicho, Loid
Mendoza, Lovelle
Velilla, Ma. Angelica
Daruca, Ma. Eleonor
Esquida, Ma. Faith
Paulio, Ma. Virnal
Obtinario, Ma. Katrina
Opada, Heidi
Sulima, Reneliene
Centeno, Ron Moises
Santos, Aliah
Maglinte, Sheila Mae
Relucio, Tristan