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.
4.Land held for long-term capital appreciation
5.Land held for a currently undetermined future use
6.Building owned and leased out under operating leases
7.Building owned and leased out under finance leases
8.Vacant building that is intended to be leased out underoperating leases
9.Building that is being constructed or developed for future use as owner occupied
10.Building that is being constructed or developed to be leased out under operating leases
11.Building that is being constructed or developed to be leased out under finance leases
12.Condominium building that is being constructed intended for sale in the ordinary course of business
13.Land subdivided into smaller lots intended for sale in the ordinary course of business
14.Property constructed on behalf of a third party
15.Building occupied by the company as factory site
16.Building occupied by the company for administrative purposes
17.Building that houses materials for use in construction activities
18.Building being leased out under operating leases, an insignificant portion of which is held as headquarters for security, maintenance and administrative purposes
19.Land and building owned by Mendez and occupied by the subsidiary, which leases the property from Mendez
20.Property interest in a building leased from Ayala Corporation that is being occupied by the company as sales outlet
21.Property interest in a building leased from Vista Corporation that is being subleased to others under operating leases.
22.Property interest in a building leased from Jordan Property Management that is being subleased to others and from which significant rental income is derived.
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