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AutoSave . Off) Exercise 4 Investment.xisx - Excel O Search Joson Lim JL X File Home Insert Page Layout Formulas Data Review View Help Share Comments X Cut Apple Braille Outli ~ 12 ~ A" A ab Wrap Text General AutoSum Copy AY O Paste BIUT DAY EE Merge & Center 00 .00 Conditional Format as Cell Insert Delete Format Fill Sort & Find & Ideas Format Painter Formatting Table Styles Clear Filter ~ Select Clipboard Font Alignment Number Styles Cells Editing Ideas D11 X V A B C D E N The following transactions pertain to La Salle Company: On January 1, 2020, La Salle Corporation purchased 30,000 ordinary shares of P100 par of MJE Company for P110, cost is P3,300,000. Commission paid to broker is 10% of the purchase price. 5 On December 31,2020, the fair value of each share is P120. MJE Corporation declared dividends P.50 per share. MJE also reported a net income of P5,000,000. On December 31, 2021, the fair value of each share is P105. MJE Corporation declared dividends P.25 per share. MJE also reported a net income of P4,000,000. Given the information above, complete the following table (For the investment in Associate Column, assume that La Salle Company owns 25% of the outstanding shares of MJE) Questions FVPL FVOCI Associate 8 1. How much is the initial cost of the investment? 9 2. How much is immediately recognized as expense upon acquisition of equity instruments? 10 3. How much is the dividend income recognized on the equity instruments in 2020? 4. How much is the gain or loss recognized by La Salle in its Profit or Loss Statement for the year ended December 31, 1 2020? 5. How much is the gain or loss recognized by La Salle in its Statement of Comprehensive Income for the year ended 12 December 31, 2020? 13 6. How much should be reported as Investment in Statement of Financial Position as of December 31,2020? 7. How much is the cumulative balance of the unrealized gain or loss on the equity instruments in the other comprehensive 14 section of La Salle's Shareholder's Equity on December 31,2020? 8. How much is the investment income recognized in the investment in 2020? (Apart from changes in fair value and 15 dividends) 16 9. How much is the dividend income recognized on the equity instruments in 2021? 10. How much is the gain or loss recognized by La Salle in its Profit or Loss Statement for the year ended December 31, 17 2021? 11. How much is the gain or loss recognized by La Salle in its Statement of Comprehensive Income for the year ended 18 December 31, 2021? 19 12. How much should be reported as Investment in Statement of Financial Position as of December 31,2021? 13. How much is the cumulative balance of the unrealized gain or loss on the equity instruments in the other 20 comprehensive section of La Salle's Shareholder's Equity on December 31,2021? 14. How much is the investment income recognized in the investment in 2021? (Apart from changes in fair value and 21 dividends Problem 1 + Equity Problem 1 + Debt + Scroll Lock " - -H + 70%
