Question
Mendez Corporation and its subsidiaries are preparing a consolidated statement of financial position at the end of the current year. Indicate whether the following items
Mendez Corporation and its subsidiaries are preparing a consolidated statement of financial position at the end of the current year. Indicate whether the following items shall be shown as Investment Property, Property, Plant and Equipment (PPE), Inventory or other asset in the entity's financial statement.
1.Land held for long-term capital appreciation
2.Land held for a currently undetermined future use
3.Building owned and leased out under operating leases
4.Building owned and leased out under finance leases
5.Vacant building that is intended to be leased out underoperating leases
6.Building that is being constructed or developed for future use as owner occupied
7.Building that is being constructed or developed to be leased out under operating leases
8.Building that is being constructed or developed to be leased out under finance leases
9.Condominium building that is being constructed intended for sale in the ordinary course of business
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