Question
Jessica Company and its subsidiaries provided the following properties owned by the group: Land held for undetermined future use 1,000,000 Vacant building to be leased
Jessica Company and its subsidiaries provided the following properties owned by the group:
Land held for undetermined future use 1,000,000
Vacant building to be leased out under an operating lease 2,000,000
Property held for use in production 4,000,000
Property held by a subsidiary, a real estate firm, in the ordinary course of business 3,000,000
Building owned by a subsidiary and for which the subsidiary provides security and maintenance services to the lessees 2,500,000
Land leased to a subsidiary under an operating lease 1,500,000
Equipment leased to an unrelated party under an operating lease 500,000
Building under construction for use as investment property 3,500,000
In the consolidated statement of financial position of the parent and its subsidiaries, what total amount should be reported as investment property?
A. 6,000,000
B. 5,500,000
C. 8,000,000
D. 9,000,000
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