How much is the carrying amount of the investment at December 31,2020?

G risk of material x PRE1 AUDITIN( X PRE1 SEATWO X G working paper x f Kimberly mess X w What does suf X Homework He X PRE2 AUDITIN X + X A classroom.google.com/u/1/c/MTgyNzc2NjI4NZE2 ... now much is the gam of loss TO the exchange uansacuon: 3. Assuming that the cash flows expected from the assets exchanged are not materially different, how much should the property be initially recognized? PROBLEM3 The following transactions pertain to ABC Company. 1. Purchased 20,000 ordinary shares of P100 par of XYZ Company for P2,000,000 on January 1, 2019. This purchase represents 20% interest in the net assets of XYZ, which are fairly valued at P8,000,000. The shares give ABC Company significant influence over XYZ. 2. XYZ reported profit of P1,500,000 for 2019. 3. In 2020, ABC received a 10% bonus issue from XYZ. 4. XYZ reported profit of P3,000,000 for 2020. 5. XYZ paid a cash dividend of P1,000,000 on the ordinary shares at December 15, 2020. How much is the carrying amount of the investment at December 31, 2020? 2 Page 1 8 + Type here to search WE x ] V7 4:33 PM Desktop 2/5/2021 L