b. 4,000,000 revenue c. 200,000 gain e. 0 P10,000. based or How much transactions a. 42,300 Case #2: 2. ANCILLIARY agreed to exchange its inventory of "diesel" oil in Town One with SUBORDINATE's inventory of "diesel" oil in Town Two. ANCILLIARY's "diesel" oil has a fair value of P4M and carrying amount of P3.5M while SUBORDINATE's "diesel" oil has a fair value of P3,992,000. The exchange lacks commercial substance. How shall ANCILLIARY recognize from the inventory exchange? a. 3,992,000 revenue d. 500,000 gain b. 4,000,000 revenue c. 200,000 gain 4. DESULT manufact During th e. O In Jar contr. is due servic price assess DESU uncol 3. ABC Co. had the following transactions during the year: a. Sold goods to Customer W on an installment basis for P5,000 Legal title to the goods was retained by ABC. The installment receivables are collectible over the next eight months. In Jul custon b. 4,000,000 revenue c. 200,000 gain e. 0 P10,000. based or How much transactions a. 42,300 Case #2: 2. ANCILLIARY agreed to exchange its inventory of "diesel" oil in Town One with SUBORDINATE's inventory of "diesel" oil in Town Two. ANCILLIARY's "diesel" oil has a fair value of P4M and carrying amount of P3.5M while SUBORDINATE's "diesel" oil has a fair value of P3,992,000. The exchange lacks commercial substance. How shall ANCILLIARY recognize from the inventory exchange? a. 3,992,000 revenue d. 500,000 gain b. 4,000,000 revenue c. 200,000 gain 4. DESULT manufact During th e. O In Jar contr. is due servic price assess DESU uncol 3. ABC Co. had the following transactions during the year: a. Sold goods to Customer W on an installment basis for P5,000 Legal title to the goods was retained by ABC. The installment receivables are collectible over the next eight months. In Jul custon