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Brutus Company owned the following investments at year-end before fair value adjustments and amortization: Financial assets at fair value through profit or loss, 600,000; financial
Brutus Company owned the following investments at year-end before fair value adjustments and amortization: Financial assets at fair value through profit or loss, 600,000; financial assets at fair value through OCI, 350,000; financial assets at amortized cost, 470,000. What total amount of noncurrent assets should be reported at year-end?
Please explain how 820 000 derive. Thank you
X Brutus Company owned the following0/3 investments at year-end before fair value adjustments and amortization: Financial assets at fair value through profit or loss, P600,000; financial assets at fair value through OCI, 350,000; financial assets at amortized cost, 2470,000. What total amount of noncurrent assets should be reported at year-end? * 1,070,000 950,000 P820,000 P820,000 or an amount greater or less depending on the circumstances Correct answer P820,000Step by Step Solution
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