11.) d. 150,000

2 points 4. YELLOW Corporation sold selected merchandise on a consignment basis during 2020. Yellow's accounting records show the following information: * Inventory, January 1 Inventory on hand, December 31 Inventory out on consignment, December 31 Purchases Freight-in Freight-out to customers Freight-out to consignees 244,000 290,000 40,000 1,080,000 20,000 70,000 10,000 What amount should YELLOW report as cost of goods sold in its 2020 income statement? 1,024,000 1,094,000 O P 1,354,000 O P1,014,000 9. VIOLET Company acquired an investment property on March 2 points 31, 2019 for $4,830,000. In addition, P210,000 was paid to the local authority as property transfer tax and P280,000 paid to professional advisers. The useful life of the property is 40 years. The fair market values of the property on December 31, 2019 and 2020 were P5,600,000 and P5,400,000 respectively. If the company is using the cost model what amount of investment property should be reported in the December 31, 2020 statement of financial position? 5,054,000 5,320,000 O 5,087,250 O 5,400,000 2 points 10. On December 31, 2020, BROWN Bank has a 5-year loan receivable with a face value of P6,000,000 dated January 1, 2019 due on December 31, 2023. Interest is payable annually every December 31 at 9%. The borrower made the required interest payment on December 31, 2019 but informed the bank that interest accrued for 2020 will be paid together with the principal at maturity. There is a high probability that remaining interest payments will not be paid. The prevailing market rate is 10%. What is the loan impairment loss for 2020? (Round PV factors to 2 decimals) * 1,111,800 O P 1,046,400 1,635,000 O P1,504,200 2 points 11. PINK Company purchased 50,000 shares (5% ownership of WHITE Company on January 2, 2020 at P34 per share. PINK received a stock dividend of 15% on March 31, 2020 when the market price of the share is P40. On November 30, PINK paid P20 per share special assessment on the shares. On December 15, 2020, WHITE paid a cash dividend of P8 per share. On December 31, the prevailing market price of the trading security is at 249 per share. What amount should be reported as dividend income on the December 31, 2020 income statement? 60,000 P 400,000 460,000