PLEASE HELP ME

1. Blue Company acquired the following portfolio of equity instruments during 2012 and reported the following balances at December 31, 2012. No sales occurred during 2012. All declines are considered to be temporary. Security is! 12f31l12 Market Value ADB P 350.000 F' 360000 PNB 425,000 400,000 LBP 525,000 640,000 What is the carrying value of the securities on December 31, 2012 on Blue's balance sheet? 10. On January 2. 2013 Saint Company invested in a 4-year 10% bond with a face value of P6,000,000 in which interest is to be paid every December 31. The bonds has an effective interest rate of 9% and was acquired for P6,194.383. On December 31. 2014. the management of Saint Company decided to dispose 534,000,000 face value debt instruments which will be used to settle an obligation and to nance some of its operating costs. The company has a business model of collecting the contractual cash flows for all their debt security investments, however due to frequent sale and disposal of investments the management has decided that the business model is no longer appropriate. On December 31, 2014, the four million face value debt instrument was disposed of when the market rate of similar instrument was 11%. PV factor of 11% after 2 years 0.8116 PV factor of annuity of 11% after 2 years 1.7125 01165th 1. What is the amortized cost of the debt instrument on December 31, 2014? Quesfrbnz If the remaining debt securities were redesignated on January 1, 2015 when the market rate of interest has yet to change, what is the amount of gain or loss should the company recognize in its 2015 prot or loss as a result of the redesignation? 2. City Company purchased the following portfolio of equity instruments during 2012 and reported the following balances at December 31, 2012. No sales occurred during 2012. All declines are considered to be temporary. Security st 12l31l12 Market Value X P 800.000 P 820.000 Y 1.400.000 1.320.000 Z 1.320.000 1.280.000 0095'!le f. If the securities were designated as investment to prot or loss. how much should City Company report as unrealized loss related to the securities in its 2012 profit of loss? Question 2. If the securities were designated as investment to other comprehensive income, how much should City Company report as unrealized loss related to the securities in the statement of comprehensive income? Quesfrbn 3. If City Company is a medium-sized entity, what amount of unrealized gain or loss should be reported in the company's other comprehensive income? 3. Nation Company began business in November of 201 1. During the year, Nation Company purchased portfolio of equity securities listed below. In its December 31, 201 balance sheet, National Company appropriately reported a P160,000 debit balance in its "Fair value adjustment- Equity Security" account. The composition of the securities did not change during 2012. Pertinent data are as follows: Securities Gist Market ValueI Dec. 31I 2012 A P 1,200,000 P1,260,000 B 900,000 950,000 C 1,600,000 1,620,000 P 3,700,000 P 3,830,000 What amount of unrealized gain or loss on these securities should be included in Nation Company's prot or loss for the year ended December 31. 2012 assuming the equity securities were designated as investment to prot or loss? 4. Morgan Company began business in October of 201 1. During the year, Morgan purchased a portfolio of securities listed below. In its December 31, 2011 balance sheet, Morgan appropriately reported a P3011000 credit balance in its \"Fair Value Adjustment Equity Securities" account. The composition of the secun'ties did not change during the year 2012. Pertinent data are as follows: Securities Est Market Value, Dec. 31 , 2012 P P2,400,000 P2,450,000 Q 2,500,000 2,550,000 R 1,900,000 2,000,000 P6.800,000 P7,000,000 Oueson 1. What amount of unrealized gain or loss on these securities should be included in Morgan's prot or loss for the year ended December 31, 2012 assuming the securities were designated as investment to prot or loss? QUESt'Ibn 2. What amount of unrealized gain or loss on these securities should be included in Morgan's other comprehensive income for the year ended December 31, 2012 assuming the securities were designated as investment in available for sale? Question 3. What amount of unrealized gain or loss on these secun'ties should be included in Morgan's shareholders' equity for the year ended December 31, 2012 assuming the securities were designated as investment in available for sale? 5. On November 1, 2011, Ribbon Company invested in P600,000 in equity securities representing 20,000 ordinary shares of Carbon Company. Ribbon Company incurred transaction cost of P5,000 related to the acquisition of the security. On December 31, 2011, this investment has a market value of P580,000. On April 15, 2012, Ribbon Company sold the investment for P630,000. Question 1. What amount of realized gain should Ribbon Company recognized on the disposal of the security assuming the security was classified as investment in profit or loss? Question 2. What amount of realized gain should Ribbon Company recognized on the disposal of the security assuming the security was classified as investment at fair value to other comprehensive income under PAS 39? Question 3. What amount of realized gain should Ribbon Company recognized on the disposal of the security assuming the security was classified as investment at fair value to other comprehensive income under PFRS 9?6. On October 1, 2010, Graham Company purchased a P2,000,000 face value 9% debt instruments for P1,860,000 and designated as investment to profit or loss. The debt instruments mature on January 1, 2011, and pay interest semiannually on January 1 and July 1. On December 31 , the fair market value of the instruments is P1, 960,000. On February 2, 2011, Graham Company sold the debt security for P1 70,000. What amount of unrealized gain or loss should Graham Company report in its December 31, 2010 prot or loss? 7. On May 1. 2014, Golden Company purchased a short-term P4.000,000 face value 9% debt instruments for P3,?20,000 excluding the accrued interest and classied it as an investment to prot or loss which is based on the business model of the entity to buy and sell portfolio of securities and to make profit for short-term movements in the market rate of interest. Golden Company incurred and paid P20,000 transaction cost related to the acquisition of the instrument. The debt instruments mature on January 1, 2017, and pay interest semi-annually on January 1 and July 1. On December 31. the fair market value of the instruments is P3380000. On February 2. 2015. Graham Company sold the debt security for P3,960.000. At what amount should the investment be initially recorded? 8. On January 1. 2014, Sun Company purchased the debt instruments of Silk Company with a face value of P5,000.000 bearing interest rate of 8% for P4,621.006 to yield 10% interest per year. The bonds mature on January 1, 2019 and pay interest annually on December 30. On December 31, 2014 the fair value of the investment is P4.838.014 which is based on the prevailing market rate of 9%. Question 1. If the company's business model has the objective of trading and making a profit from changes in the fair value of the securities. what amount of unrealized gain or loss should the company disclose in their December 31. 2014 prot or loss? Question 2. If the company's business model has the objective of collecting all the contractual cash ows including interest and principal, at what amount should the investment be reported in the company's statement of nancial position for the year ended December 31, 2014? 9. On January 2, 2013 Saint Company invested in a 4-year 10% bond with a face value of P6,000.000 in which interest is to be paid every December 31. The bonds has an effective interest rate of 9% and was acquired for P3194383. Saint Company has a portfolio of commercial loans that it holds to sell in the short term. On December 31 . 2013. the security has a fair value of P6229362 which is based on the prevailing market rate of 8.5%. On December 31 , 2013. Saint Company acquires Joseph Company that manages commercial loans and has a business model that holds the loan in orderto collect the contractual cash flows. Saint Company original portfolio of commercial loans is no longer for sale, and the portfolio is now managed together with the acquired commercial loans and all are held to collect the contractual cash ows. On December 31. 2014. the debt investment has a fair value of P6,550,000. What amount should the debt investment be reported in the December 31, 2014 statement of nancial position? 1. The following information relates to non-current investments that Dragon Company placed in trust as required by underwriter of its bonds: Bond sinking fund balance, January 1. 2018, P2,000.000: Additional investment during 2018. P500.000; Interest revenue, P20,000; Administrative costs. P15.000.Carrying value of bonds payable. P3.000,000. What amount should Dragon Company report in its December 31, 2018 balance sheet related to its non-current investment for bond sinking fund requirements? 2. On January 1, 2015, Crane Company purchased a P4,000,000 ordinary life insurance policy on its president. Additional data for the year 1028 are: Cash surrender value, January 1, P200,000; Cash surrender value, December 31, P220,000; Annual insurance premium paid on January 1, 2018, P80,000; Dividend received August 1, P10,000. Crane Company is the beneficiary under the life insurance policy. Crane should report life insurance expense for 2018 of