PLEASE SHOW THE CALCULATIONS/SOLUTIONS

PROBLEM 1

PROBLEM 1. Given below is a list of securities and other assets that may qualify as investments: Equity securities of another company where no control nor significant influence exist. The company elected to report gains or losses in the profits/ losses. P100,000 Equity securities of another company where no control nor significant influence exist. The company elected to report gains or losses in the other comprehensive income/losses 150,000 20% Equity securities of another company quoted in an active market 500,000 51% Equity securities of another company quoted in an active market 1,400,000 Equity securities of the company quoted in an active market required with an intention of reissuance in latter period for short-term profit 500,000 Debt security of another company quoted in an active market. Business model of the company has an objective to hold debt securities for short-term profits 100,000 Debt security of another company quoted in an active market. Business model of the company has an objective of collecting contractual cash flows from the bonds which are primarily in the form of interests and principal 500,000 Real property held for resale in the ordinary course of business 500,000 Real property held for speculation purposes 700,000 Real property held as a current factory site 1,000,000 Real property of a manufacturing business being leased out to another party under operating lease 900,000 Land held for undetermined future use 800,000 Land held to be used as a future plant site 400,000 Real property being developed as an investment property 300,000