43 2 pts On January 1, 2030, the parent company sold land to Subsidiary for P10M with a cost of P8M and on December 31, 2031, this land was subsequently sold to XYZ for P7M. In the working paper and for the computation of consolidated net income, how much is the realized gain/loss from the disposal of land to XYZ? 0 P2M (P1M) (P3M) Question 44 2 pts On January 1, 2030, the parent company sold land to Subsidiary for P10M with a cost of P8M and on December 31, 2031, this land was subsequently sold to XYZ for P16M. In the working paper and for the computation of consolidated net income, how much is the unrealized gain/loss at the end of 2030? P5M P2M P6M P8M Question 45 2 pts On January 1, 2030, the parent company sold equipment to Subsidiary for P15M with a cost of P10M and accumulated depreciation of P2M with the original life of 10 years. On December 31, 2032, this equipment was subsequently sold to XYZ for P16M. In the working paper and for the computation of consolidated net income, how much is the unrealized gain at the end of 2030? PO P6M P7M P5M Question 46 2 pts On January 1, 2030, the parent company sold equipment to Subsidiary for P15M with a cost of P10M and accumulated depreciation of P2M with the original life of 10 years. On December 31, 2032, this equipment was subsequently sold to XYZ for P16M. In the working paper and for the computation of consolidated net income, how much is the unrealized gain at the end of 2031? P8M PO P5M P7M Question 47 1 pts On January 1, 2030, the parent company sold equipment to Subsidiary for P15M with a cost of P10M and accumulated depreciation of P2M with the original life of 10 years. On December 31, 2032, this equipment was subsequently sold to XYZ for P16M. In the working paper and for the computation of consolidated net income, how much is the unrealized gain at the end of 2032? P6M P8M P7M Question 48 2 pts On January 1, 2030, the parent company sold equipment to Subsidiary for P15M with a cost of P10M and accumulated depreciation of P2M with the original life of 10 years. On December 31, 2032, this equipment was subsequently sold to XYZ for P16M. In the working paper and for the computation of consolidated net income, how much is the total realized gain at the end of 2032? P4,375,000 P11,000,000 O P6,625,000 O P5,250,000 Question 49 2 pts On January 1, 2030, the parent company sold equipment to Subsidiary for P15M with a cost of P10M and accumulated depreciation of P2M with the original life of 10 years. On December 31, 2032, this equipment was subsequently sold to XYZ for P16M. In the working paper, how much is the realized gain thru amortization at the end of 2032? O P2,000,000 P875,000 P1,500,000 PO Question 50 2 pts On January 1, 2030, the parent company sold equipment to Subsidiary for P15M with a cost of P10M and accumulated depreciation of P2M with the original life of 10 years. On December 31, 2032, this equipment was subsequently sold to XYZ for P16M. In the working paper, how much is the realized gain thru disposal to EYZ at the end of 2032? O P11,000,000 O P4,375,000 OP5,250,000 O P6,625,000 Question 51 2 pts On January 1, 2030, the subsidiary company sold equipment to parent for P15M with a cost of P10M and accumulated depreciation of P2M with the original life of 10 years. On December 31, 2032, this equipment was subsequently sold to XYZ for P16M. In the consolidated net income attributable to parent at the end of 2032, how much is the unrealized gain assuming that the parent company owns 80% of the net asset of subsidiary? O P4,375,000 P5,250,000 P3,500,000 P875,000 Question 52 2 pts Parent Company acquires 25% of Subsidiary Company's ordinary shares for P380,000 cash and carries the investment using the cost method. After three months, Parent purchases another 55% of Subsidiary's ordinary shares for P1,100,000. On this date, Subsidiary reports identifiable assets with carrying value of P1,800,000 and fair value of P2,300,000 and it has liabilities with a book value and a fair value of P700,000. The fair value of the 20% non-controlling interest is P360,000. Goodwill valued on the fair value basis: P320,000 P350,000 P330,000 O P360,000